Series 3: 7.1.1.1. Guaranteed Introducing Broker Registration

7.1.1.1. Guaranteed Introducing Broker Registration

Recall that introducing brokers employ futures commission merchants to carry their customer accounts, execute their trades, and perform their back office operations. Introducing brokers may register as either independent or guaranteed IBs.

A guaranteed introducing broker has an exclusive relationship with a single FCM. All of the IB’s accounts are held by the FCM, which uses its own capital to guarantee the IB’s operations and oversee its regulatory compliance.

An independent introducin