Authorized duETS Creators (AdCs) are at the center of duETS’ liquidity.
AdCs have a unique role in managing the supply of duETS. AdCs create and redeem duETS, comparable to an ETF Authorized Participant. If an AdC perceives a market for additional duETS, the AdC can create duETS by depositing cash in the Trust and receiving pairs of Down and Up securities. An AdC can also redeem duETS on demand by returning pairs of duETS in exchange for cash.
AdCs who also serve as Market Makers will manage their own inventory by creating and redeeming securities as needed. AdCs who do not engage in market making can facilitate creations and redemptions on behalf of their clients, which may include other Market Makers.