Difference between trading member and broker
Primary Market Statistics Companies and Securities. Thinking of joining Main Market. International Securities Market News and events. Retail Bonds Structured Products. Become a Member Firm. Member Firm Information Sheets. News and events Market news. You will be redirected in five seconds. Become a Member Firm Find out about the benefits of becoming a London Stock Exchange member firm and how to apply to for membership Read more Managing your Membership Information for current London Stock Exchange members on how to update their member firm profiles.
Member Firm Information Sheets Search and view the latest Member Firm Information Sheets containing information on new member firms and member firm profile changes. The revised requirement of BMC to be maintained by Stock Broker and Trading Member, according to their profiles as given below, shall be effective from April 1, Do we provide exposure on the Deposit? Yes, Exposure is provided on 10 Lacs deposit.
Is there any lock-in period on the deposit? No, there is no lock—in period on the deposit. Process for surrender of Membership Refund of deposit? Any trading member who wants refund of Interest Free Deposit of Rs. Before applying for surrender of trading membership right, such member shall ensure voluntary closure of business.
The voluntary closure should be at least for a period of 6 months prior to the date of surrender. Where the trading terminals of the member have remained deactivated for a period of 6 months prior to the date of surrender it shall be construed as closure of business. However, this condition would not apply to the members who have not commenced business or have not activated their trading terminals at all. What portion of the total deposit to be included in the Networth? Only Proprietary trading without Algorithmic trading Algo.
Trading only on behalf of Client without proprietary trading and without Algo.