Role of TM/ Broker and Role of Trading & Clearing Member
Last Updated on Saturday, 01 May 2010 11:58 Written by Administrator Thursday, 15 April 2010 15:01
Role of Trading Member (TM)/ Broker . . .
Trading Member (TM) is a Member of Exchanges who has the right to execute transactions in the trading system of the exchange and the right to have contracts in its own name. The TM can also act as a Broker. As a Broker, he can deal on behalf of the clients (Registered Non-members). All the trades have to be executed only through the Trading facilities provided by the Exchange. TM will settle the transactions through Clearing Members (Trading & Clearing Members or Institutional Clearing Members). TM cum Broker is required to maintain a separate account for client transactions and is required to maintain the margin deposit and money belonging to clients in segregated accounts. TMs are responsible for all the transactions of their clients. TM will clear their Trades through Clearing Members (TCMs or ICMs).
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ACCPL & its Role in Commodities Traded
Last Updated on Saturday, 01 May 2010 11:58 Written by Administrator Thursday, 15 April 2010 15:00
Abhipra Commodity Consultants Private Ltd. (ACCPL) & its Role in Commodities Traded. . .
ACCPL is a Trading Member (TM) for the exchanges NCDEX & NMCE and Institutional Trading Cum Clearing Member of MCX.
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Initial Margin