STL Broker Account Types

　　STL accounts, or Separate Trading Limit accounts, are designed for brokers who want to implement multiple trading strategies under a single institutional client. There are three primary types of STL accounts available:

• 　　Advisor Accounts: These accounts are for registered investment advisors (RIAs) who manage other advisors. They allow for a hierarchical structure where a master advisor can oversee multiple subordinate advisors, each managing their own client accounts.

• 　　Proprietary Trading Group STL Accounts: These accounts cater to brokers who wish to run various trading strategies for the same institutional client. Each STL account can have its own set of sub-accounts, which are linked to the main STL account.

• 　　Hedge Fund Accounts: These accounts are tailored for brokers trading on behalf of hedge funds. They support multiple fund structures and allow for the management of various investment strategies.

  　　

　　

STL Broker Account Opening Process

　　To open an STL account, follow these steps:

• 　　Application Submission: Start by sending an application to the institutional account (fund manager or organization account). You can choose to send an invitation for either a fully electronic or semi-electronic application.

• 　　Account Setup: Once the application is completed and approved, the new client can log into the portal using their own username and password.

• 　　Adding STL Accounts: After logging in, navigate to the menu and select "Add a Trading Partition." Fill out the required information for the STL account.

• 　　Account Structure: The STL account and its sub-accounts will belong to the same beneficiary, ensuring a cohesive management structure.

　　For more detailed information on the STL account setup, you can refer to the official guidelines provided by the broker.