All transactions on USE must be carried out through registered members. All non-member participants can access the exchange as clients of members. Membership is therefore granted to market participants with high credibility and an excellent track record. Members will need to meet all requirements prescribed by the Securities Exchange Board of India (SEBI) as also the requirements stipulated by USE itself. This is to ensure that traders are protected against any counterparty risk and also to help develop and build market confidence.
Types of Membership
Two types of membership are available with USE. They are as follows:
Trading Membership (TM):
Trading Member has the privilege of trading on one’s own account as well as the accounts of their clients. However, they will not be able to clear and settle these trades.
Clearing Membership (CM):
Clearing Members are entitled to clear and settle trades for all trading members through the Clearing House of USE, ICCL. ICCL is a fully owned subsidiary of Bombay Stock Exchange.
As a member, one enjoys direct access to the electronic trading system and receives research material published by, or on behalf of USE. Members can also benefit from awareness programs conducted by USE and stay abreast with the latest trends in capital markets.
Gain from the opportunities and expertise of India’s newest stock exchange – United Stock Exchange. Download the Application forms and send them to us with the required documents and we will get in touch with you shortly thereafter.
To find out more about the benefits of Membership, please call or email our representative at the contact details mentioned below:
For New Membership Contact :
disclaimer and user agreement