There are four entities within the buying and selling system. Trading customers, clearing members, Specialist clearing associates and members.
one. Trading members: Trading customers are users of NSE. They might trade either by themselves account or on behalf of their purchasers including contributors. The Trade assigns a Buying and selling member ID to every trading member. Every single trading member can have get more info more than one person. The volume of customers allowed for each buying and selling member is notifi ed because of the exchange once in a while. Each individual user of the trading member needs to be registered with the Trade and it is assigned an exceptional consumer ID. The exclusive buying and selling member ID features to be a reference for all orders/trades of different consumers. This ID is typical for all users of a certain buying and selling member. It's the accountability in the buying and selling member to keep up suitable Manage around persons having access to the fi rms User IDs.
2. Clearing members: Clearing users are customers of NSCCL. They execute threat administration functions and confi rmation/inquiry of trades with the trading process.
three. Qualified clearing associates: A specialist clearing members is a clearing member that's not a buying and selling member. Typically, financial institutions and custodians become Skilled clearing members http://www.thefreedictionary.com/소액결제 and distinct and accept their buying and selling customers.
4. Contributors: A participant is often a consumer of buying and selling members like economic establishments. These purchasers might trade by multiple buying and selling associates but settle through a solitary clearing member.