Membership
Membership
Membership is available to an individual or institution that is able to trade on the Exchange. These members are in the business of soliciting, or accepting orders, for the purchase or sale of any commodity by way of or relating to any commodity and are qualified to execute customer transactions on the exchange. They can carry out trades (buy and sell) on behalf of their clients as well as offer professional advice, reports etc.
The Broker Membership is into two (2) with both categorizations having different requirements, obligations and rights.
- Corporate Broker (Broker) membership is available to certified professionals or institutions licensed by the Securities and Exchange Commission. They carry out trades as well as proffer professional advisory services to others. They can do no proprietary trades but can trade on behalf of others.
- Individual Sub-Broker (Promoter) membership is available to individuals certified by the Exchange. They advise others (directly or indirectly, through publications or writings, or by whatever means or media) on the making of commodity contracts, including the advisability of trading in any commodity contract made or to be made on, or subject to the business rules of, the Exchange. They cannot trade on behalf of others or carry out proprietary trades.
Membership is available to an institution that is licensed by the Securities and Exchange Commission (SEC) as a Clearing house and is permitted to clear and settle deals.
These members are in the business of soliciting, or accepting orders, for the purchase or sale of any commodity and are qualified to execute customer transactions on the exchange.
Membership is available to agriculture service providers who have a relevant network of farmers available to them and can deliver on input disbursement and extension services.
