INDIA INX

>   Membership Categories
Membership Categories
Trading Member (TM) 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 Clearing Member.
Trading Cum Self Clearing Member (TSM) 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 (TCM) 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 (PCM) A member only clears and settles trades of trading members of the Exchange who choose to clear and settle their trades through the Member.