|
|
 How to Become a Member
Participation on the NASDAQ OMX Derivatives Markets requires a membership. Next follows a short step-by-step description on how to become a member at NASDAQ OMX Derivatives Markets.
1. Decide which type of membership
Non-Clearing Member (NCM) - Trading member who clears trades via a General Clearing member
Direct Clearing Member (DCM) - Entitled to participate in the clearing activities at the Exchange
i. On it’s own behalf
ii. On behalf of a customer regarding transactions registered on individual customer account
iii. On behalf of a customer regarding transactions registered on aggregated customer accounts
General Clearing Member (GCM) - Entitled to participate in the clearing activities of the clearing house
i. On it’s own behalf
ii. On behalf of a customer regarding transactions registered on individual customer account
iii. On behalf of a customer or non-clearing member regarding transactions registered on aggregated customer accounts Click here for GCM contact details »
2. Send in membership application including appendices
Fill in the Membership application - OMX Nordic Exchange
2. Send in membership application including appendices.The new member needs to send in documentation on the Nordic languages or English in order for NASDAQ OMX to be able to assess applications to become member.
Attach the following appendices:
- List of Senior Management, Board of Directors and contact persons
- Copy of the relevant authorizations to provide investment services from FSA
- Annual report for the previous year (if possible) and, if prepared, the last interim report
- Articles of Association
- Copy of the company’s Certificate of Incorporation
- Signatures specimen
3. Approval process starts
Review of application and appendices by NASDAQ OMX - Member Co-ordinator, Legal Department, Risk Management and Surveillance Department
4. Approval of membership application by NASDAQ OMX
|
|
