Subscriber Categorization
| Dealers | Customers | |
|---|---|---|
| Also known as | Market Makers | Institutional clients |
| Capacity | Principal | Agency |
| Activity | Regularly submit two-sided quotes (bid and offer) | Submit orders on behalf of retail customers |
| Pricing access | Regular and Professional (Tiered) pricing | Regular pricing only |
| Summon participation | Yes — as requesters, and as algorithmic responders | Yes — as requesters |
Any subscriber can send a Summon request. Pricing tiers decide which prices each participant sees.