Disclosures
Form CRS - Customer Relationship Summary
ProATS FORM CRS - CUSTOMER RELATIONSHIP SUMMARY EFFECTIVE July 26, 2024
Introduction
Prometheum Ember ATS Inc. (“PROATS” or “PROATS ATS”) is registered with the Securities & Exchange Commission as a broker-dealer. PROATS is a member of FINRA Brokerage and investment advisory services and fees differ; it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at: www.investor.gov/CRS
Prometheum Ember ATS Inc. (“PROATS” or “PROATS ATS”) is registered with the Securities & Exchange Commission as a broker-dealer. PROATS is a member of FINRA Brokerage and investment advisory services and fees differ; it is important for you to understand the differences. Free and simple tools are available to research firms and financial professionals at: www.investor.gov/CRS
What investment services and advice can you provide me?
PROATS operates an alternative trading system (the “ATS”) for the purpose of providing retail and institutional customers, who have been granted access to the ATS, the ability to enter, transact and match orders for digital asset securities. Customers will be required to open an account with an approved custodian prior to sending orders to be
matched on the ATS.
The ATS only accepts orders to be matched at your direction, and PROATS does not offer advice, recommendations or strategies involving digital asset securities, and does not monitor the performance of your account except for its own risk purposes. For more information about our services, please visit our website at https://www.Prometheum.com
Conversation starters: Given my financial situation, should I choose a brokerage service? Why or why not? How will you choose investments to recommend to me? What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
If you make all of your own investment decisions, have a high risk tolerance and desire to transact in the digital asset securities that are eligible to trade on PROATS ATS, then choosing a firm such as ours may be a good choice. As previously mentioned, PROATS does not provide recommendations or advice about whether to buy or sell digital asset
securities, on account types, investment strategies or provide monitoring of account performance.
If you make all of your own investment decisions, have a high risk tolerance and desire to transact in the digital asset securities that are eligible to trade on PROATS ATS, then choosing a firm such as ours may be a good choice. As previously mentioned, PROATS does not provide recommendations or advice about whether to buy or sell digital asset
securities, on account types, investment strategies or provide monitoring of account performance.
What fees will I pay?
PROATS does not currently charge its customers liquidity/execution fees or commissions for matching orders on the ATS. Please note that PROATS reserves the right to modify its commission and fee schedule at any time. All customers will be notified upon any modification to PROATS’ Commission and Fee Schedule prior to the effective date.
Conversation starters: Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me? PROATS is a self-directed, broker-dealer ATS platform designed to transact and match orders in digital asset securities and will not invest your
money for you. If you open an account with PROATS with $10,000 and want to invest in digital asset securities, you will not pay liquidity/execution fees or commissions on your trades until further notified.
What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?
PROATS does not provide recommendations or advice about whether to buy or sell digital asset securities, on account types, investment strategies or provide monitoring of account performance. Prometheum Inc, our parent company and our affiliates have a great interest in the growth and adoption of the trading of digital asset securities underpinned by distributed ledger technology, or blockchain. Our digital asset security operations currently include PROATS operating the ATS. Our ATS is designed to maximize efficiencies and investor experience in the burgeoning landscape of digital asset securities. Our affiliate Prometheum Ember Capital LLC is providing settlement and clearing services for its customers. As a result, we do not believe that the role played by our affiliate presents a conflict of interest because all trading by you on our ATS platform is entirely self-directed.
Conversation starters: How might your conflicts of interest affect me, and how will you address them?
A conflict of interest is a potential situation in which PROATS would engage in a transaction or activity where our interest is materially adverse to your interest. The mere presence of a conflict of interest does not imply that harm to your interests will occur, but it is important that we acknowledge the presence of potential conflicts. Moreover, our regulatory obligations require that we establish, maintain, and enforce written policies and procedures reasonably designed to address conflicts of interest associated with the brokerage services being provided to you. PROATS addresses these relationships and a full description of our business by making available all of the disclosures and other materials in the “Disclosure Library” located on our website https://www.prometheum.com/disclosures. PROATS encourages you to read and familiarize yourself with all disclosures and other materials that are relevant to your investment relationship with us.
How do your financial professionals make money?
PROATS professionals do not receive commissions or other compensation related to our customer’s trading activity.
PROATS professionals receive salaries and bonuses that are based on their overall job responsibilities and performance.
PROATS professionals do not receive commissions or other compensation related to our customer’s trading activity.
PROATS professionals receive salaries and bonuses that are based on their overall job responsibilities and performance.
Do you or your financial professionals have legal or disciplinary history?
No, Please visit https://www.investor.gov/CRS to research Prometheum Ember ATS LLC and its professionals.
Conversation starters: As a broker-dealer, do you have any disciplinary history? For what type of conduct?
No. Please visit https://www.investor.gov/CRS to research Prometheum Ember ATS LLC and Prometheum Ember ATS LLC professionals. For additional information about our firm and associated professionals and services, please visit https://brokercheck.finra.org/firm/summary/311636
Conversation starters: Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?
Because your account is entirely self-directed and our platform is fully-integrated online through our website, you should please direct any questions and concerns you may have by emailing PROATS at [email protected] or by calling 212-333-3315 and PROATS will address your questions or concerns quickly, professionally and appropriately.
Because your account is entirely self-directed and our platform is fully-integrated online through our website, you should please direct any questions and concerns you may have by emailing PROATS at [email protected] or by calling 212-333-3315 and PROATS will address your questions or concerns quickly, professionally and appropriately.
PROATS does not provide investment advisory services, therefore the appropriate personnel of PROATS will address questions as required, be it in a customer services, operational or technical capacity.
Digital asset securities may not be suitable for all investors. Investors should note that investing or trading in digital asset securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity, which could impact their price and the investor's ability to sell, and possible loss of principal invested. There is always the potential of losing part or all of your money when you invest in digital asset securities. Not SIPC or FDIC insured.
