Sentences with phrase «only authorized participants»

Only Authorized Participants such as market makers or institutions can purchase or redeem shares directly from the Fund.

Unlike Bitcoin, JPMorgan's blockchain Quorum is private, or «permissioned,» meaning that only authorized participants can join the network of machines that maintains it.

Only an Authorized Participant may create or redeem Creation Units directly with the Fund.

Only an Authorized Participant may create or redeem Creation Units directly with the Fund.

Only an Authorized Participant may create or redeem Creation Units directly with the fund.

Not exact matches

Continuing its entry into Bitcoin regulation, one week after the Coinflip action, on September 24, 2015, the CFTC again brought and settled charges related to Bitcoin, this time against TeraExchange LLC (Tera), a provisionally registered SEF, for failing to enforce its prohibition on wash trading and prearranged trading.15 At issue was a U.S. dollar — Bitcoin swap transaction from October 2014 between the only two market participants then authorized to trade on Tera.

The Trustee will create Shares only in Baskets (a Basket equals a block of [50,000] Shares) and only upon the order of an Authorized Participant.

A transfer of Bitcoins from the Trust Custody Account may only be made as follows: (1) by transferring Bitcoins to an Authorized Participant Custody Account in connection with a redemption of one or more Baskets; (2) by transferring Bitcoins to the Sponsor's Custody Account to pay the Sponsor's Fee; (3) by delivering the Bitcoins to such party as the

However, shares are not individually redeemable, and may only be redeemed directly from the Fund by Authorized Participants, in very large creation / redemption units.

NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through authorized participants.

However, shares are not individually redeemable from the ETFs and may only be purchased and redeemed directly from the ETFs by Authorized Participants, in very large creation / redemption units.

NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants.

Creation Unit transactions may only be executed by or through Authorized Participants.

Fund sponsors are responsible for providing that information only to authorized participants who are the direct owners of creation units.

Only so - called authorized participants (typically, large institutional investors) actually buy or sell shares of an ETF directly from or to the fund manager, and then only in creation units, large blocks of tens of thousands of ETF shares, which are usually exchanged in - kind with baskets of the underlying securitOnly so - called authorized participants (typically, large institutional investors) actually buy or sell shares of an ETF directly from or to the fund manager, and then only in creation units, large blocks of tens of thousands of ETF shares, which are usually exchanged in - kind with baskets of the underlying securitonly in creation units, large blocks of tens of thousands of ETF shares, which are usually exchanged in - kind with baskets of the underlying securities.

However, shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation / redemption units.