At FTEN, we are dedicated to educating the industry about the SEC Market Access Rule 15c3-5 (MAR). MAR requires brokers and dealers to have risk controls in place for market access. This cross-market rule applies to all U.S. venues trading equities, equity options, ETFs, debt securities and security-based swaps.

Important elements of a reasonably designed MAR-compliant system include:


  • Risk management in real-time, not end-of-day.
  • Obligations that are cross-asset classes and cross-market.
  • Following the MPID to determine compliance responsibility.
  • Consideration of two segments of requirements: (1) by individual order (vertical) requirements and (2) aggregate order (horizontal) requirements.


Download MAR Awareness Factsheet (PDF, 1.61 MB)

Download Understanding the Market Access Rule CFR (PDF, 733 KB)

Download The Role of Third-Party Technology Providers and the Market Access Rule (PDF, 167 KB)

MAR Web Seminar Series:

Hosted by Gary LaFever, Chief Corporate Development Officer at FTEN, the MAR Web Seminar Series is designed to help you better understand SEC 15c3-5 and what is required for firms.

View Top 10 MAR Mandates

View 10 Questions You Need to Answer about Your MAR Solution

View MAR Customer Defined Topic: Answering FAQ

MAR Panel Discussions:



For further information on MAR or how FTEN can help your firm comply with MAR, please contact us at marketaccess@ften.com