Three-Tier Regulatory Conduit Flow Architecture
CEA Sec. 2(e) Compliant Onshore Route
Tier 1: U.S. Regulated Domain
Onshore Client & Orderbook
U.S. Participant / FCM
$1,000
Direct customer KYC/AML with registered Futures Commission Merchant.
FIX / OUCH API Order
Bitnomial DCM (CFTC)
$92,402.31
Designated Contract Market: Self-certified perps spec referencing index.
Tier 2: Clearing & Novation
Bitnomial DCO Clearinghouse
CCP Novation & 4d Rules
$100.00 IM
Customer funds held in CEA 4d(a)(2) segregated bank depository.
Intraday Variation Settlement
Default Guaranty Fund
$0.50
Mutualized mutual-loss buffer insulating against counterparty default.