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Institutional
Trading-Cum-Clearing Member (ITCM) |
| ITCM is an institution/
corporate who is admitted by the Exchange as a member,
conferring upon them a right to trade and clear
through the Clearing House of the Exchange, as an
Institutional Trading-Cum-Clearing Member. Further
the ITCMs can also appoint sub-brokers, authorized
persons, and Trading Members who would be registered
as Trading Members on MCX at the request of the
ITCM. The ITCM will clear and settle trades on behalf
of the sub-brokers, authorized persons, and such
Trading Members who are registered on MCX at their
request, subject to the terms and conditions specified
by MCX. Some categories of ITCM may not be entitled
to trade on their own account like the Stock Exchanges
or Commodity Exchanges or Trade Associations, and
such ITCM will clear and settle trades only on own
account of their members. Eligibility
criteria
Entities - Following entities are
eligible to apply for membership, subject to the
regulatory norms and
provisions -
- Company and Institution (Commodity
Exchanges, Stock Exchanges, Trade and Industry
Associations,
Co-operative Bodies and large
Retail Network Stock and Commodity Brokers)
- Networth
- The minimum networth for the purpose of eligibility
is Rs.100.00 Lakh
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