Direct Market Access
Subscribers may connect to Fenics UST via the following methods:
| connection type | Description |
| Direct Connect | A direct connection for a subscriber who is outside the Fenics UST data center. |
| Co-Location | Subscribers may co-locate their servers and equipment within the same data center as Fenics UST. |
| Point of Presence (POP) | A low-cost way to quickly establish local connectivity for a subscriber. This is accomplished through network handoffs in strategic data centers. |
| Secure Internet | Site-to-Site VPN. |
| Extranet Providers | Subscribers may connect through an extranet provider. |
| Vendor | Subscribers may connect through approved and certified vendors |
The Fenics UST platform has the requisite Risk Controls to enable user’s compliance with the SEC Market Access Rule requirements.
Onboarding
Subscriber Eligibility
• Subscribers are granted access to the trading venue only if they satisfy Fenics USTreasuries eligibility requirements, complete on-boarding documentation, and execute a Trading Authorization (`TA') document.
• Fenics USTreasuries may ask for additional documentation and information to verify the identity of a prospective subscriber and/or its principals, beneficial owners and control persons.
• Fenics USTreasuries, in its sole discretion, may approve or reject a subscriber's application. Fenics USTreasuries will not grant access to retail customers.
• Fenics USTreasuries may ask for additional documentation and information to verify the identity of a prospective subscriber and/or its principals, beneficial owners and control persons.
• Fenics USTreasuries, in its sole discretion, may approve or reject a subscriber's application. Fenics USTreasuries will not grant access to retail customers.
Credit & Risk
Fenics UST Credit Limits are measured by the long-bond-equivalent (“LBE”) metric, which expresses the net 30-year UST notional equivalent.
data centers
primary
Fenics UST’s primary data center is NY4 Equinix – Secaucus, NJ
Disaster Recovery
Fenics UST’s disaster recovery data center is Digital Realty - Trumbull, CT
