Categories of Membership
Membership of the Exchange/ NSE Clearing is open to corporate entities, limited liability partnerships, partnership firms and individuals who fulfill the eligibility criteria laid down by SEBI and NSE.
Types of membership*
Membership can be taken for any segments individually or in combination
| Trading Member | This category of membership entitles a member to execute trades on his own account as well as on account of his clients but, clearing and settlement of trades executed through the Trading Member would have to be done through a Trading-cum Clearing Member or Professional Clearing Member of the Exchange |
|---|---|
| Trading Cum Self Clearing Member | This category of membership entitles a member to execute trades and to clear and settle the trades executed on his own account as well as on account of his clients. |
| Trading Cum Clearing Member | This category of membership entitles a member to execute trades on his own account as well as on account of his clients and to clear and settle trades executed by themselves as well as by other trading members who choose to use clearing services of the member. |
| Professional Clearing Member | This category of membership entitles a member to clear and settle trades of such members of the Exchange who choose to clear and settle their trades through this member. |
Two types of memberships are offered :
- Normal - Unrestricted business expansion
- Alpha - For focused proprietary trading with limited clientele
Following Categories are available under Normal Membership:
Membership can be taken in combination with any of the above segments except for Futures & Options segment which has to be taken in combination with Cash segment.
Following categories are available under Alpha Membership:
Updated on: 06/01/2023
