Trading Arcade definition
Trading Arcade means a legal entity providing trading infrastructure and market access in exchange for a fee or share of trading profits to individuals trading their own capital on their own account or a mix of their own capital and the Trading Arcade’s own capital on their mutual own account, for direct trading gains, and in no event holding, trading and/or managing third party funds.
Trading Arcade means a legal entity consisting of individuals who are owners, employees or contractors of an entity that provide a legal, risk management and physical structure and trading facilities to traders in return for sharing of trading profits. Transactions are executed in the name of accounts owned by the trading arcade and originate from: 1) the trading arcade facility; or 2) with respect to individual traders, from a CME Group-approved remote site connected to the trading arcade facility. (Requests for remote site connectivity must be made in writing to CME Group and the justification for such requests will be reviewed on a case-by-case basis.) Also, the funds used for trading may be corporate pools of funds or commingled dealer/corporate funds.