A listing is structured, not a page
Publishing is not writing a sales page. A listing is a set of typed fields — description, strategy type, instrument scope, risk profile, fee plan and disclosure — that the marketplace renders consistently for every strategy.
Because the fields are typed, the marketplace can present two strategies side by side on the same terms. A provider cannot emphasise one metric and omit another; the shape is the same for everyone.
Disclosure travels with the listing
Every figure a listing shows carries its period, currency and account scope. A return without a period is not a return, and the marketplace treats the missing context as an error rather than a detail to imply.
Historical figures come from the provider's snapshots. The marketplace does not recompute them, so what an investor sees is what was recorded.
Review before discovery
A submitted listing enters a review queue owned by the broker who operates the venue. The broker approves, requests changes or declines. Only an approved listing is visible to investors.
Review is tenant configuration, not a platform-wide editorial decision, because the broker carries the relationship with both the provider and the investor.
The states a listing moves through
A listing is a small state machine rather than a published/not-published flag. Each transition is recorded, so the history of a listing is as inspectable as its current state.
- Draft — editable by the provider, visible to nobody else
- Submitted — awaiting broker review
- Approved — visible in the marketplace under standardised disclosure
- Paused — temporarily withdrawn from discovery without losing history
- Withdrawn — removed from discovery; existing copies are handled by policy
Updating a live listing
A material change to a listing — its risk profile, fee plan or disclosure — returns it to review. Editing copy does not. The distinction is deliberate: the parts that affect an investor's decision are gated, and the parts that only affect presentation are not.