# CODA MARKETS, INC. X-17A-5 (2024-03-29) — Broker-dealer annual report

- Company: CODA MARKETS, INC.
- Form: X-17A-5
- Filed: 2024-03-29
- Period: 2023-12-31
- Accession: 0000921107-24-000005
- CIK: 921107
- File #: 8-47077
- Type: Broker-dealer
- Material weakness: No
- Auditor: RSM US LLP
- Auditor location: Chicago, IL
- Contact: Jarred Beckerman
- Phone: 214-765-1278
- Email: jmollica@apexfintechsolutions.com
- Website: apexfintechsolutions.com
- Signed by: John Mollica (CEO CODA Markets)

Original filing: https://www.sec.gov/Archives/edgar/data/921107/000092110724000005/CODA_YE_2023_PUBLIC_FINAL.pdf

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# CODA Markets, Inc.

## Statement of Financial Condition and Supplemental Schedules With Report of Independent Registered Public Accounting Firm

December 31, 2023

Files as public information pursuant to Rule 17A-5(d) under the Securities Exchange Act of 1934 and Regulation 1.10(g) of the Commodity Exchange Act.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

OMB APPROVAL OM8 Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12

SEC FILE NUMBER

8-47077

# ANNUAL REPORTS FORM X-17A-5 PART III

FACING PAGE

Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934

| FILING FOR THE PERIOD BEGINNING                                                                                                      | 01/01/23                                                   | AND ENDING | 12/31/23        |                                            |
|--------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|------------|-----------------|--------------------------------------------|
|                                                                                                                                      | MM/DD/YY                                                   |            |                 | MM/DD/YY                                   |
|                                                                                                                                      | A. REGISTRANT IDENTIFICATION                               |            |                 |                                            |
| NAME OF FIRM: CODA Markets, Inc.                                                                                                     |                                                            |            |                 |                                            |
| TYPE OF REGISTRANT (check all applicable boxes):<br>ப் Broker-dealer<br>C Check here if respondent is also an OTC derivatives dealer | ‍                                                          |            |                 |                                            |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                                                                  |                                                            |            |                 |                                            |
| 350 N. St. Paul Street, Suite 1300                                                                                                   |                                                            |            |                 |                                            |
|                                                                                                                                      | (No. and Street)                                           |            |                 |                                            |
| Dallas                                                                                                                               | IX                                                         |            |                 | 75201                                      |
| (City)                                                                                                                               | (State)                                                    |            |                 | (Zip Code)                                 |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                         |                                                            |            |                 |                                            |
| John Mollica                                                                                                                         | 212-658-1106                                               |            |                 | jmollica@apexfintechsolutions.com          |
| (Name)                                                                                                                               | (Area Code - Telephone Number)                             |            | (Email Address) |                                            |
|                                                                                                                                      | B. ACCOUNTANT IDENTIFICATION                               |            |                 |                                            |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filling"<br>RSM US LLP                                             |                                                            |            |                 |                                            |
|                                                                                                                                      | (Name - if individual, state last, first, and middle name) |            |                 |                                            |
| 30 South Wacker Drive, Suite 3300   Chicago                                                                                          |                                                            |            |                 | 60606                                      |
| (Address)                                                                                                                            | (City)                                                     |            | (State)         | (Zip Code)                                 |
| 09/24/2003                                                                                                                           |                                                            | 49         |                 |                                            |
| (Date of Registration with PCAOB)(if applicable)                                                                                     | FOR OFFICIAL USE ONLY                                      |            |                 | (PCAOB Registration Number, if applicable) |

\* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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### OATH OR AFFIRMATION

| John Mollica , swear (or affirm) that, to the best of my knowledge and belief, the

financial report pertaining to the firm of CODA Markets, Inc. as of as as of 12/31 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.

![](_page_2_Picture_4.jpeg)

Signatu Title: infor MARE

Notary Public

## This filing\*\* contains (check all applicable boxes):

- (a) Statement of financial condition.
- = (b) Notes to consolidated statement of financial condition.
- □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
- O (d) Statement of cash flows.
- [ {e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
- [] {f) Statement of changes in liabilities subordinated to claims of creditors.
- □ (g) Notes to consolidated financial statements.
- [] (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
- [ (i) Computation of tangible net worth under 17 CFR 240.18a-2.
- □ {j} Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
- | Exhibit A to 17 CFR 240.18a-4, as applicable.
- [1] Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
- [] {m} Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
- O (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
- L (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
- | {p} Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
- | (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable.
- □ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- | | |s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- @ (t) Independent public accountant's report based on an examination of the statement of financial condition.
- □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
- | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
- | as applicable.
- □ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
- □ (z) Other:
- \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.170-5(e)(2), as applicable.

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#### **%,-609198>08>=**

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|-------------------------------------------------|--|
| 7</<17/:)B/B3;3<B                               |  |
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![](_page_4_Picture_0.jpeg)

RSM US LLP

#### Report of Independent Registered Public Accounting Firm

Board of Directors CODA Markets, Inc.

#### Opinion on the Financial Statement

We have audited the accompanying statement of financial condition of CODA Markets, Inc. (the Company) as of December 31, 2023, and the related notes (collectively, the financial statement). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2023, in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinion

This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.

RSM US LLP

We have served as the Company's auditor since 2022.

Chicago, Illinois March 29, 2024

THE POWER OF BEING UNDERSTOOD AUDIT | TAX | CONSULTING

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| /A6                                                            | <br><br>     |
| (3137D/0:3A<3B                                                 |              |
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| *=B/:@3137D/0:3A<3B                                            |              |
| '@=>3@BG/<23?C7>;3<B<3B                                        |              |
| <B/<570:3/AA3BA<3B                                             | I            |
| &B63@/AA3BA                                                    |              |
| %9>,6,==0>=                                                    | <br><br><br> |
| 4,-464>40=,8/=>9.5396/0<E=0;?4>C                               |              |
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| '/G/0:3AB=447:7/B3A                                            |              |
| 11@C323F>3<A3A/<2=B63@:7/07:7B73A                              |              |
| %9>,664,-464>40=                                               |              |
| 9774>708>=,8/.98>48208.40=                                     |              |
| \$>9.5396/0<E=0;?4>C                                           |              |
| =;;=<AB=19<br>>/@D/:C3                                         |              |
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| 227B7=</:>/72	7<1/>7B/:                                        |              |
| 11C;C:/B32234717B                                              |              |
| %9>,6=>9.5396/0<E=0;?4>C                                       | <br>         |
| %9>,664,-464>40=,8/=>9.5396/0<E=0;?4>C                         | <br><br><br> |

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