Jadenex operates an execution only spot exchange. The framework below governs who may hold an account, how activity is monitored and what records are kept and produced to competent authorities.
Identity is verified against a government issued document before an account is funded. Enhanced due diligence applies to higher risk relationships, to politically exposed persons and to accounts with elevated transaction risk.
Order and trade activity is monitored for wash trading, spoofing, layering, momentum ignition and other manipulative conduct. Alerts are reviewed by the compliance team and escalated where the review supports it.
Funding activity is monitored against expected account behaviour. Digital asset transfers are screened against sanctions lists and analysed for exposure to illicit sources.
Applicants and account holders are screened at onboarding and on an ongoing basis. Accounts connected to a sanctioned person or a sanctioned jurisdiction are blocked and reported as required.
Order, trade, deposit, withdrawal, identification and screening records are retained for the periods required by law and are produced to competent authorities on request.
Compliance reports to the board. The compliance function is independent of the trading and commercial functions and has the authority to suspend an account or a market.
Every policy that governs the operation of the exchange is published in full.
Customer due diligence, enhanced due diligence, transaction monitoring, suspicious activity reporting and record retention.
Screening at onboarding and on an ongoing basis, restricted jurisdictions, blocking and reporting.
Order types, matching, price and time priority, order cancellation, market halts, error trade policy and prohibited conduct.
Criteria applied before an asset is admitted to trading, ongoing obligations and grounds for suspension or removal.
Identification, prevention and management of conflicts, including personal account dealing and proprietary trading.
How to complain, acknowledgement and response times and escalation where you remain dissatisfied.
Requests from law enforcement, regulators and tax authorities are handled by the compliance team. A request should identify the requesting authority, the legal basis for the request, the account or transaction concerned and the period covered. Jadenex responds within the period stated in the request or, where none is stated, without undue delay.