Abaxs provides business ready solutions for Introducing brokers, agents or for integration to existing middleware. Depending on your existing regulation and business license Abaxs offers setups for 3 different types of Introducing Broker categories: Fully regulated and licensed Broker (similar as Bank or security dealer) “FRB”, Semi regulated and licensed Brokers “SRB” and introducing only Broker “IOB”.

Fully regulated and licensed Brokers (FRB) are similar to banks or security dealers. The FRB acts similar to a financial institution. FRBs provide their clients with customer service, marketing, the registration process, cashiering functions, trade entry, and individual client account record keeping. All trades are combined in a consolidated account. Criteria’s are:
1) The FRB is doing the account keeping of the trading customer. The FRB operates with an own Middle- and Back office system to maintain the position keeping and providing trading statements to the trader.
2) The FRB holds an Omnibus account type
3) The FRB holds all customer positions in 1 Omnibus account.
4) Interactive Brokers does not know to whom belong the market positions or trades. Only the FRB is disclosed to Interactive Brokers.
The semi regulated and licensed Brokers (SRB). SRBs provide their clients with customer service, marketing, a registration process, and cashiering functions. Trading clients can electronically trade or the SRB may input trades for the client. Criteria’s are:
1) The SRB is not doing the account keeping of the trading customer. The SRB does not operate an own Back- and Middle office system to maintain the position and account keeping.
2) The SRB holds several individual accounts at Interactive Brokers.
3) The trading customer is not disclosed to Interactive Brokers. Interactive Brokers does not know to whom belongs the trade or position. 		The introducing only Broker (IOB) has a limited or not any regulatory license. The responsibility for compliance, the account and position keeping is delegated to Interactive Brokers.
The IOB is not doing the account keeping of the trading customer. This part is delegated to Interactive Brokers or to another execution broker. The IOB holds opens individual accounts in the name of the trading customers at Interactive Brokers. The trading customer if fully disclosed to Interactive Brokers. Interactive Brokers knows to whom belong the trades or market position.