Types of Membership

The membership of the exchange shall be open to all the market participants and depending on their specific needs, we offer the following categories of membership:

 

    • Trading Membership entitles the members only to trade on his own account as well as on account of his clients. These Members do not have any right to clear or settle such trades. These members must be associated with any one of the Institutional Trading-cum-Clearing Member (ITCM) or Professional Clearing Member (PCM) having clearing rights of the Exchange.

      Eligibility: Following entities are eligible to apply for membership, subject to the regulatory norms and provisions of Forward Contract (Regulation) Act, 1952 / Forward Contracts (Regulation) Rules, 1954 and as provided in the Rules, Regulations, Byelaws and Circulars of the Exchange

      • Individuals / HUF
      • Partnership Firms registered under the Indian Partnership Act, 1932
      • Limited Liability Partnerships registered under the Limited Liability Partnership Act, 2008
      • Corporations, Companies or Institutions or subsidiaries of such Corporations, Companies or Institutions set up for providing financial services
    • Trading-cum-Clearing Membership entitles the members to trade and clear, both for themselves and/ or on behalf of their clients.
      Eligibility: Following entities are eligible to apply for membership, subject to the regulatory norms and provisions of Forward Contract (Regulation) Act, 1952 / Forward Contracts (Regulation) Rules, 1954 and as provided in the Rules, Regulations, Byelaws and Circulars of the Exchange
      • Individuals / HUF
      • Partnership Firms registered under the Indian Partnership Act, 1932
      • Limited Liability Partnerships registered under the Limited Liability Partnership Act, 2008
      • Corporations, Companies or Institutions or subsidiaries of such Corporations, Companies or Institutions set up for providing financial services
    • Institutional Trading-cum-Clearing Membership entitles the members in addition to the existing rights and responsibilities as TCM shall be also entitled to and liable to settle and clear the trades/transactions done by the Trading Members affiliated with them.

      Eligibility: Following entities are eligible to apply for membership, subject to the regulatory norms and provisions of Forward Contract (Regulation) Act, 1952 / Forward Contracts (Regulation) Rules, 1954 and as provided in the Rules, Regulations, Byelaws and Circulars of the Exchange
      • Corporations, Companies or Institutions or subsidiaries of such Corporations, Companies or Institutions set up for providing financial services
    • Professional Clearing Membership entitles the members only to clear and settle the trades executed by their clients.

      Eligibility: Following entities are eligible to apply for membership, subject to the regulatory norms and provisions of Forward Contract (Regulation) Act, 1952 / Forward Contracts (Regulation) Rules, 1954 and as provided in the Rules, Regulations, Byelaws and Circulars of the Exchange
      • Corporations, Companies or Institutions or subsidiaries of such Corporations, Companies or Institutions set up for providing financial services