Account Structure & Roles

Before trading, your account needs users assigned to each role and a collateral, trading, and desk structure. ElectronX supports a flexible three-layer account hierarchy that you can keep simple or expand to match your operational needs.

User roles

Before trading, each account must have at least one individual assigned to each of the three user roles below. The same individual may hold more than one role. All users must be assigned individual email addresses, not shared team inboxes.

Role	Responsibilities
Authorized User	An individual employed and authorized by your entity to place orders on the exchange on behalf of your account.
Risk User	Responsible for overseeing orders and trading activity, imposing risk controls, and managing all communications between your entity and the exchange, including for adding or removing existing users.
Operations User	Responsible for back office functions, audit activities, reviewing EOD Clearing Member reports, and banking operations, including submitting funding and withdrawal requests.
Invoicing Contact	While ElectronX does not currently issue invoices for wires, having an Invoicing Contact on file ensures seamless communication if fee billing is introduced in the future. This person is typically someone in your Accounts Payable or finance team.

Additional users can be added to any role. When assigning multiple users to a single role, provide their names, phone numbers, and email addresses.

Account structure

ElectronX supports a flexible, three-layer account hierarchy. By default, your account will be set up with one of each: a Collateral Account, a Trading Account, and a Trading Desk. If your operational needs require a more complex structure, you can configure additional accounts at onboarding or request changes at any time by emailing support@electronx.com.

Collateral Accounts

A Collateral Account is the fiat account at ElectronX that holds the funds used to support your trading activity. All Clearing Members on the exchange must have at least one Primary Collateral Account.

Primary Collateral Account

• Your Primary Collateral Account is associated with your full legal entity name as registered with ElectronX. The bank account you designate for deposits and withdrawals must be held in that same legal entity name.
• Receives all incoming wire deposits and is the account you can withdraw funds from.

Secondary Collateral Accounts

You may request additional Secondary Collateral Accounts to organize capital across different desks, strategies, or internal operational divisions. Once funds are deposited into your Primary Collateral Account, they can be transferred to any Secondary Collateral Account on instruction. There is no limit on the number of Secondary Collateral Accounts you may hold. To move funds to a Secondary Collateral Account, email support@electronx.com.

Trading Accounts

A Trading Account is the permissioned account through which an Authorized User (trader) places and manages trades on ElectronX. Each Trading Account is linked to a single Collateral Account and draws funds only from that account - there is no cross-account access to collateral. You can have as many Authorized Users registered to a Trading Account as you would like.

You may create multiple Trading Accounts to reflect different users, teams, strategies, access methods (GUI vs. API), or risk controls. Each account can be configured with independent trading permissions and product limits.

Trading Desks

Trading Desks are optional, user-defined groupings of Trading Accounts. They do not hold funds or execute trades. Their purpose is organizational - they allow you to monitor and report on related groups of Trading Accounts that share a team, strategy, region, or compliance boundary.

If you have at least one Trading Account, you will automatically have one associated Trading Desk. Additional desks can be configured to match your internal structure.

Trading & clearing vs. Clearing-Only participation

ElectronX supports two distinct participation models.

• Trading & Clearing Participants: Trade on the exchange and clear their own positions. They are responsible for collateralizing and settling their own trades directly with the clearinghouse. This is the standard model.
• Clearing-Only Participants (Delegated Participant model): Hold Clearing Member status and manage their own collateral, but delegate trading authority to a separate Delegated Participant who places orders on their behalf. The Clearing-Only Participant remains fully liable for all trading activity.

If you intend to participate as a Clearing-Only Participant, email onboarding@electronx.com to notify us of your intent. Both you and your Delegated Participant will be required to execute the Delegated Participant Agreement (Addendum A of the Participant and Clearing Member Agreement). You and your Delegated Participant must also complete ElectronX's KYC review before trading authority is granted.