Remote Trading Participant (RTP)

RTP (Remote Trading Participants)

What is a Remote Trading Participant (RTP)?

Foreign entities, not having a physical presence in GIFT IFSC, that can trade directly on the IFSC based Exchanges, on a proprietary basis. Remote Participants can seamlessly place and execute orders on the IFSC based Exchanges platform from their remote location. This eliminates the need for manual order routing or phone calls, ensuring efficiency and speed.

Eligibility Criteria to qualify for Remote Trading Participant (RTP)

  • The entity is a resident of a country whose securities market regulator is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understanding (IOSCO-MMoU) or a signatory to the bilateral Memorandum of Understanding (MoU) with IFSCA.
  • The entity is a body corporate.
  • The entity is not a resident of a country identified in the public statement of the Financial Action Task Force (FATF) as – a jurisdiction having strategic Anti-Money Laundering or Combating the Financing of Terrorism deficiencies to which counter measures apply; or a jurisdiction that has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the Financial Action Task Force to address deficiencies.
  • The entity shall be permitted to trade only on a proprietary basis and shall not be permitted to onboard clients.
  • The entity shall be permitted to transact only in cash-settled derivative products on the Stock Exchanges.
  • The entity shall be required to enter into an agreement with an IFSCA registered Clearing Member for clearing and settlement of its transactions executed on the Stock Exchanges.

As a member looking to become an RTP on Jaypee Capital Services IFSC, you stand to gain a multitude of advantages that can significantly enhance your trading operations and overall market experience. Here are some key benefits

  • No Physical Set Up
    Being an RTP allows you to trade remotely, providing you with the convenience to operate from home jurisdiction. This flexibility means you can manage your trades without the need for a physical presence in GIFT IFSC.
  • Access to Global Markets
    As an RTP, you can participate in international markets without geographical constraints, opening up a world of trading opportunities across different time zones and markets.
  • Enhanced Market Access
    Reach a wider pool of international investors and tap into global liquidity. Trade a diverse range of products including Equity derivatives, Currency derivatives and Cash settled derivative products.
  • Reduced Overhead Costs
    Operating remotely eliminates the need for expensive office space and associated costs, allowing you to allocate more resources to your trading activities.
  • Regulatory Framework
    Operate under the robust and transparent regulatory framework of IFSC based Exchanges.
  • Lower Trading Cost
    Additional benefit of lower transaction costs, resulting in improved profitability.
  • Ease of Access & Quicker Registration
    Registration as RTP with Jaypee Capital Services IFSC in shorter time.
  • Longer Trading’s Hours
    Trading available for almost 21 hours. Overlaps India and most of US time.

The entity is a member of any of the following Stock Exchanges.

Sr. No. Country Stock Exchange
1 United States of America (USA) I. New York Stock Exchange (NYSE)
II. National Association of Securities Dealers Automated Quotations (NASDAQ)
III. Chicago Mercantile Exchange (CME)
IV. Intercontinental Exchange (ICE)
2 Japan Tokyo Stock Exchange
3 South Korea Korea Exchange
4 United Kingdom excluding British Overseas Territories London Stock Exchange (LSE)
5 France Euronext, Paris
6 Germany I. Frankfurt Stock Exchange
II. Eurex Exchange
7 Canada Toronto Stock Exchange
8 Singapore Singapore Exchange (SGX)
9 Taiwan Taiwan Stock Exchange
10 Israel Tel Aviv Stock Exchange (TASE)
11 Australia Australian Securities Exchange (ASX)
12 United Arab Emirates (UAE) I. Abu Dhabi Securities Exchange (ADX)
II. Dubai Gold & Commodities Exchange (DGCX)
III. Dubai Financial Market
IV. NASDAQ, Dubai
13 Netherlands Euronext Amsterdam
14 Switzerland SIX Swiss Exchange
15 South Africa Johannesburg Stock Exchange
16 Indonesia Indonesia Stock Exchange
17 Thailand Stock Exchange of Thailand
18 Malaysia Bursa Malaysia
19 Philippines Philippine Stock Exchange
20 Saudi Arabia Saudi Stock Exchange (Tadawul)
21 Ireland Irish Stock Exchange
22 Sweden Nasdaq Stockholm
23 Brazil A Bolsa do Brasil | B3
24 Denmark Nasdaq Copenhagen
25 Mexico Mexican Stock Exchange
26 Vietnam Hanoi Stock Exchange
27 Belgium Brussels Stock Exchange
28 Nigeria Nigerian Stock Exchange

1. What kind of products can RTPs trade in?

Trade a diverse range of products including Equity derivatives, Currency derivatives and Cash settled derivative products.

2. Can RTPs on board clients?

RTP can do only proprietary trading and are not permitted onboard clients for brokerage services.

3. Can RTPs become self-clearing or clearing members?

No, RTPs are not allowed to become clearing members. They must appoint an IFSCA-registered Clearing Member like Jaypee Capital Services IFSC for the clearing and settlement of their trades.

4. What are the benefits of becoming a Remote Trading Participant?
  • Remotely trade on the IFSC exchanges without having to establish a presence in GIFT IFSC.
  • No Infrastructure costs involved.
  • Increased participation leading to more vibrant and liquid market.
5. Can an entity incorporated in India become a Remote Trading Participant with GIFT based exchanges?

Entities incorporated in India are not eligible to be onboarded as Remote Trading Participants.

6. Can a SEBI registered entity apply for RTP?

No. RTP is currently for foreign participants. SEBI-registered Indian entities are not eligible to apply for RTP.

7. Do I need to obtain a registration certificate from IFSCA?

No, obtaining a registration certificate from IFSCA is not required to become a Remote Trading Participant with GIFT based exchanges. You just need a clearing member like Jaypee Capital Services IFSC who can clear your trade. Registration will be provided by Gift based exchanges.

  • Dedicated Team
    A specialized team focused on your needs, ensuring personalized attention and expertise.
  • Regular Updates and Maintenance
    Continuous monitoring and updates to keep systems running smoothly and securely.
  • Scalability
    Flexible solutions that can grow with your business, allowing for easy adjustments as needs change.
  • Proactive Monitoring
    Ongoing surveillance of systems to identify and resolve potential issues before they escalate.
  • Data Security
    Comprehensive measures to protect sensitive information and ensure compliance with relevant regulations.
  • Performance Analytics
    Regular reporting and insights to measure effectiveness and optimize performance.
  • 24/7 Support
    Around-the-clock assistance to address any issues or inquiries, ensuring minimal downtime.

For more information, please visit ifsca.gov.in- IFSCA circular 11th February 2025

RTP Remote Trading Participant