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*Inter-dealer brokers are Securities and Exchange Commission (SEC)-registered brokerage firms that are licensed by FMDQ Securities Exchange Limited (FMDQ Exchange) to act as intermediaries amongst FMDQ Exchange Dealing Members, and between Dealing Members and other financial institutions including but not limited to pension fund administrators, fund managers and insurance companies.
**Brokers are SEC-registered brokerage firms that are licensed by FMDQ Exchange to act as intermediaries between Dealing Members and Clients only.
***These are the end-users of the products traded on the FMDQ Exchange platform. This category includes institutional investors (asset/fund managers, pension fund administrators etc.) and corporate treasurers that participate on the FMDQ Exchange platform in various capacities.