Orderflow Providers

Orderflow Providers (OFPs) connect external trading activity to the 21X DLT Trading and Settlement System (DLT-TSS).

An Orderflow Provider (OFP) is a regulated financial intermediary — such as a bank, broker, financial commission agent, or (crypto) exchange — that connects to the 21X DLT Trading and Settlement System (DLT-TSS) and transmits orders to the platform.

Orderflow Providers typically operate under a banking, investment brokerage, proprietary trading or financial commission license, depending on the applicable regulatory framework. They may submit orders:

• on their own account, or

• on behalf of clients or end customers.

In the context of the 21X platform, Orderflow Providers participate as Professional Participants and typically act in the capacity of a broker executing or transmitting orders.

Responsibilities

Orderflow Providers facilitate the flow of trading activity into the 21X platform and are responsible for ensuring compliant market access.

Responsibilities include:

• Connecting their trading infrastructure to the 21X DLT-TSS.

• Submitting orders on their own account or on behalf of clients.

• Ensuring all transmitted orders comply with the 21X Rulebook and applicable regulatory requirements.

• Maintaining appropriate compliance, risk management, and client oversight procedures.

• Monitoring trading activity and preventing market abuse or other prohibited conduct.

Requirements

Orderflow Providers must:

• Qualify as a Professional Participant under MiFID II.

• Be a regulated financial intermediary (e.g., bank, broker, financial commission agent, or exchange).

• Hold an appropriate license to enable brokerage such as a banking, investment broker, or financial commission license where required.

• Enter into the Participation Agreement with 21X.

• Establish technical connectivity to the 21X DLT-TSS and maintain appropriate operational and compliance controls.