US and non US broker-dealers, advisors and institutions that meet the requirements of a Qualified Institutional Buyer ("QIB") as defined in Rule 144A of the SEC ACT of 1933.

LPMs have significant responsibilities for their assigned unregistered securities including overseeing the opening and providing continuous bid indications at NYPPEX

LPMs are typically assigned 10 unregistered securities and are responsible for providing liquidity at NYPPEX

LPMs may represent agency or principal orders at NYPPEX

LPMs may charge a fee to their clients

An important aspect of having a Liquidity Provider Member assigned to each unregistered security is that there is a point of contact, who is responsible for providing continuous liquidity at a fair price.