Non Clearing Membership Types

1. Trader Members
   Trader Members can be corporates that are domiciled locally or internationally. This class of membership does not allow members to solicit and accept trades from customers. Trader members can only trade on their own house account. All in-house trades done by this category of members are to be cleared by a broker member who has a clearing membership.

2. Broker Members
   Broker Members must be corporate entities that are domiciled locally or internationally (up to a limit of 95% foreign owned). This class of membership gives members the permission to solicit and accept trades from customers. Hence, broker members are allowed to take third party funds for any trading related activities. All trades done by this category of members are to be cleared by a broker member who has a clearing membership.

Clearing Membership Types

1. Trader Members
   Trader Members can be corporates that are domiciled locally or internationally. This class of membership does not allow members to solicit and accept trades from customers. Trader member can only trade and clear their own in-house trades.

2. Broker Members

   Broker Members must be corporate entities that are domiciled locally or internationally (up to a limit of 95% foreign owned). This class of membership gives members the permission to solicit and accept trades from customers. Hence, broker members are allowed to take third party funds for any trading related activities. In addition, broker members can clear and guarantee all trades (own client trades and non-clearing members’ trades).