On e-MID all the participants can be both “market makers” and “price takers”.
As defined in the e-MID Market Regulations, the participant requirements are:
For Credit Institutions (i.e. Banks and Electronic Currency Institutions):
- total net assets of at least €10 million
- membership to the Payment System of the relevant currency (€, $, £), directly or via Agent Banks
For Investment Companies, SIMs, SGRs, SGAs:
- total net assets of at least € 1 million
- membership to the Payment System of the relevant currency (€, $, £), also via Agent Bank
- (only for SGRs and SGAs) management of at least of €100 million in total assets
For SICAVs, OICVMs, Pension Funds:
- management of at least of €100 million in total assets
- membership to the Payment System of the relevant currency (€, $, £) via Agent Banks
Per Treasury administrations, companies engaging in financial activities owned by the States or by regional or local authorities, national central banks, the European Central Bank and supranational financial entities may be admitted according by the rules and criteria established by the Board of Directors of e-MID SIM S.p.A