NioX is the spot exchange operated by NIO X PTE. LTD., a company registered in Singapore. NioX runs a risk based compliance program and holds and maintains the registrations and permissions required for the services it provides. This framework states the binding controls that govern who may hold an account, how trading is supervised, how client assets are held and how records are kept and disclosed to the proper authorities.
Each area of the venue is governed by a binding control that is published in full as a policy. The compliance function owns these controls, operates independently of the trading and commercial teams and reports to the board. These controls are reviewed as regulation evolves so that the venue moves ahead of new obligations rather than behind them.
Every account holder is identified and verified before any funding or trading, with enhanced due diligence for higher risk relationships and for politically exposed people. Verification must be kept current and NioX may require further evidence at any time.
AML policy P2Sanctions screeningApplicants and account holders are screened against the sanctions lists that apply to NioX at onboarding and continuously for as long as the account remains open. A confirmed match is blocked, frozen and reported.
Sanctions P3Market conduct and trading rulesOrder handling, price and time priority, halts and error trades follow published rules. Conduct that distorts the market is prohibited, surveilled around the clock and escalated to the competent authority.
Trading rules P4Listing governanceAssets are admitted only against defined standards, remain under ongoing review and are suspended or removed once those standards are no longer met.
Listing policy P5Conflicts of interestStaff dealing and any activity on the company book run under controls that keep the venue independent of the outcomes on its own markets.
Conflicts P6Complaints handlingComplaints are acknowledged, investigated within set timeframes and escalated to independent review where a client remains dissatisfied.
ComplaintsClient assets are held separately from the assets of the company and are never used to fund the operation of the business. They are recorded to each account and reconciled against custody holdings every working day so that client coverage is maintained in full. The cryptography that protects custody and records is being advanced toward post quantum standards so that client holdings stay protected as computing power grows.
Order and trade activity is monitored continuously for conduct that distorts the market, and funding is measured against how an account is expected to behave. Every transfer is screened before it settles. Alerts reach the compliance team, and where a review supports it NioX will hold, freeze or reverse the activity and report the matter to the proper authorities.
Compliance reports to the board. It stands apart from the trading and commercial teams and can freeze an account or halt a market on its own authority, so oversight is never traded away for volume. Where an account holder does not meet an obligation under these policies NioX reserves the right to request further information, refuse or freeze activity, report the matter to the authorities and suspend or close the account.
The record of every account is kept ready for review, and requests from the proper authorities go straight to the compliance team.
Requests from law enforcement, regulators and tax authorities go to the compliance team. A request should name the authority making it, the legal basis for it, the account or transaction in question and the period it covers. NioX responds within the time the request sets and, where none is set, without undue delay, and NioX may report suspected wrongdoing to the authorities on its own initiative.
Open a verified account and trade on a venue where every account is checked, every order is watched and client assets are held apart and reconciled against custody every working day.