Types of Membership

Trading-cum-clearing members (“TCM”) are entitled to trade on their own account as well as on account of their clients. TCMs can also clear and settle these trades themselves. TCMs are divided into two sub-categories: non-deposit based members and deposit-based members.

Eligibility criteria

Entities - Following entities are eligible to apply for membership, subject to the regulatory norms and provisions-

  • Corporates
  • Registered Partnership Firms
  • LLPs
  • Sole Proprietors/Individuals (Proprietary Firms)

Networth

The minimum networth for the purpose of eligibility is Rs.100 Lakh

Institutional trading cum clearing members (“ITCM”) are entitled to trade on their own account as well as on account of their clients, clear and settle trades executed by themselves as well as of trading members and trading cum clearing members of our Exchange.

Eligibility criteria

Entities - Following entities are eligible to apply for membership, subject to the regulatory norms and provisions-

  • Companies, Institutions

Networth

The minimum networth for the purpose of eligibility is Rs.300.00 Lakh

Professional Clearing Members (“PCM”) are entitled only to clear and settle trades executed by trading-cum-clearing members or trading members of our Exchange.

Eligibility criteria

Entities - Any companies, institutions are eligible to apply for membership, subject to the regulatory norms and provisions.

Networth

The minimum networth for the purpose of eligibility is Rs.500 Lakh

Trading members (“TM”) are persons who have been admitted as such, and have rights to trade on their own account as well as on account of their clients. However, TMs have no right to clear and settle such trades. All TMs must be affiliated with any one of the institutional trading-cum-clearing member or professional clearing members having clearing rights on our Exchange.

Eligibility criteria

Entities - Following entities are eligible to apply for membership, subject to the regulatory norms and provisions-

  • Corporates
  • Registered Partnership Firms
  • LLPs
  • Sole Proprietors/Individuals (Proprietary Firms)

Networth

The minimum networth for the purpose of eligibility is Rs.10 Lakh for Non-Corporates and Rs.25 Lakh for Corporates.

49,000+

Authorised Person

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