{"url":"https://etfiq.com/trading/authorized-participants/first-southwest/","section":"trading","title":"First Southwest Co.: ETF Authorized Participant (AP) | ETFIQ","description":"First Southwest Co., LLC was listed as an authorized participant (AP) for 56 US ETFs in the Form N-CEN period ending Aug 31, 2025. Facts only.","as_of":"Sep 23, 2026","structured_data":[{"@type":"Corporation","name":"First Southwest Co., LLC","url":"https://etfiq.com/trading/authorized-participants/first-southwest/","sameAs":["https://www.hilltopsecurities.com/"],"leiCode":"25490055U3028R46H550","identifier":[{"@type":"PropertyValue","propertyID":"FINRA CRD","value":"316"},{"@type":"PropertyValue","propertyID":"SEC file number","value":"8-1523"}],"description":"A former public finance and brokerage firm that merged with Southwest Securities to form HilltopSecurities."},{"@type":"ItemList","name":"ETFs First Southwest Co., LLC serves as an authorized participant","numberOfItems":0,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[]},{"@type":"DefinedTerm","name":"authorized participant","alternateName":["AP","authorised participant"],"description":"A broker-dealer that has an agreement with an ETF to create new shares by delivering a basket of securities or cash to the fund, and to redeem shares by handing them back.","inDefinedTermSet":"https://etfiq.com/methodology/authorized-participants#glossary"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Is First Southwest Co. an ETF authorized participant (AP)?","acceptedAnswer":{"@type":"Answer","text":"Yes. First Southwest Co., LLC is listed as an AP for 56 US ETFs in the Form N-CEN period ending Aug 31, 2025, and created or redeemed shares in 0 of them."}},{"@type":"Question","name":"Where do these figures come from?","acceptedAnswer":{"@type":"Answer","text":"From item E.2 of each ETF\u2019s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by First Southwest Co.\u2019s CRD, SEC file number and LEI, never by the name as typed."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Authorized participants","item":"https://etfiq.com/trading/authorized-participants/"},{"@type":"ListItem","position":3,"name":"First Southwest Co.","item":"https://etfiq.com/trading/authorized-participants/first-southwest/"}]},{"@type":"WebPage","name":"First Southwest Co.: ETF Authorized Participant (AP)","description":"First Southwest Co., LLC was listed as an authorized participant (AP) for 56 US ETFs in the Form N-CEN period ending Aug 31, 2025. Facts only.","url":"https://etfiq.com/trading/authorized-participants/first-southwest/","dateModified":"2026-09-23","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4107,"truncated":false,"content":"ETFIQ / Authorized participants / First Southwest Co. \n \n As of Sep 23, 2026 . From each ETF\u2019s latest Form N-CEN.\n First Southwest Co., LLC\n First Southwest Co., LLC was listed as an authorized participant (AP) for 56 US ETFs in the Form N-CEN period ending Aug 31, 2025. It created or redeemed no shares in any of them.\n hilltopsecurities.com \n First Southwest Co. by category\n The ETFs First Southwest Co., LLC serves, by the category each is placed in, with what it created and redeemed in each.\n First Southwest Co. by category, as of Sep 23, 2026. Source: ETFIQ from Form N-CEN. # Category Share of its dollars ETFs served Active in Created Redeemed Only active AP in \n 1 U.S. stocks no activity 29 0 $0 $0 0 \n 2 International stocks no activity 1 0 $0 $0 0 \n 3 Sector stocks no activity 10 0 $0 $0 0 \n 4 Bonds no activity 12 0 $0 $0 0 \n 5 Themes no activity 4 0 $0 $0 0 \n \n Questions people ask\n Is First Southwest Co. an ETF authorized participant (AP)? Yes. First Southwest Co., LLC is listed as an AP for 56 US ETFs in the Form N-CEN period ending Aug 31, 2025, and created or redeemed shares in 0 of them. Where do these figures come from? From item E.2 of each ETF\u2019s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by First Southwest Co.\u2019s CRD, SEC file number and LEI, never by the name as typed. Method\n First Southwest Co., LLC is identified by CRD 316, SEC file number 8-1523, LEI 25490055U3028R46H550. Its SEC file number is not on the SEC\u2019s list of active broker-dealers dated Oct 1, 2026. Funds filed its name 1 way; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF\u2019s latest Form N-CEN, with the dollars of the fund\u2019s shares it purchased from the fund (created) and redeemed in the fund\u2019s reporting period, as filed. A fund\u2019s period is its own fiscal year, or less where the filing says so, so a firm\u2019s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there. A firm\u2019s name is its registration on the SEC\u2019s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.\n Where to next\n Most active APs for U.S. stock ETFs Most active APs for international stock ETFs Most active APs for sector stock ETFs Every ETF authorized participant (AP) The most active APs Most active APs for U.S. stock ETFs Most active APs for international stock ETFs Most active APs for sector stock ETFs Most active APs for bond ETFs ETF lead market makers (LMMs) How the AP list is built The open data file Fund flows Where these figures came from\n SEC Form N-CEN data sets, the source of every AP row Form N-CEN, item E.2: each authorized participant and its dollars SEC list of active broker-dealers, the source of each firm\u2019s registered name ETFIQ links to the documents behind every figure; a link is not an endorsement.\n A list of firms is not a rating or a recommendation. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, First Southwest Co., LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/first-southwest/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, First Southwest Co., LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/first-southwest/ APA ETFIQ. (Sep 23, 2026). First Southwest Co., LLC as an ETF authorized participant. Retrieved from https://etfiq.com/trading/authorized-participants/first-southwest/ Markdown [First Southwest Co., LLC as an ETF authorized participant (ETFIQ, Sep 23, 2026)](https://etfiq.com/trading/authorized-participants/first-southwest/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, First Southwest Co., LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/first-southwest/"}