nonclearing member

(redirected from Non-Clearing Member)

Nonclearing member

An exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations.

Nonclearing Member

A member firm on an exchange that does not provide clearing services for other members and does not clear its own transactions. Nonclearing members must use a clearing house on the exchange to clear and settle trades. It pays a clearing fee for these services.

nonclearing member

A member of a securities exchange that does not belong to the exchange's clearing facility. Rather, the nonclearing member pays another firm to provide the service.
References in periodicals archive ?
Kottke Associates is a non-clearing member firm of the CME Group, a Guaranteed Introducing Broker to ADMIS and is a registered CTA with the Commodity Futures Trading Commission, (CFTC), and is a member of the Nation Futures Association (NFA).
HTG is a Corporate Equity Member of the CME Group and a non-clearing member of Eurex and LIFFE.
By becoming a Non-Clearing Member (NCM) of Eurex, we expect to give an additional boost to the night-time KOSPI market, said YuHang Yoon, Senior Managing Director of Woori Futures Co.
Based in Switzerland, MKS is a non-clearing member of NYMEX, COMEX, The International Monetary market ("IMM") Division of Chicago Mercantile Exchange ("CME"), associate member of the London Bullion Market Association ("LBMA") and of the Tokyo Commodity Exchange (TOCOM).
Based on CASS rules the client and non-clearing member collateral is legally protected in the case of a clearing member default.
To qualify for this membership and gain eligibility for lower trading fees, non-clearing member firms, including proprietary trading firms, non- clearing registered futures commission merchants and passive investor entities, will now be required to hold only Series B memberships at the Exchange.
Farr Financial principally focuses on retail trading on the global futures exchanges as a non-clearing member.
exchanges and a non-clearing member of the London Financial Futures and Options Exchange and Eurex, the European derivatives exchange.
It also is a non-clearing member of the London International Financial Futures and Options Exchange (LIFFE) and Eurex, the European derivatives exchange.
Improves STP for centrally cleared trades with full clearing workflow supportthat supports both clearing and non-clearing members andseamless integration to Summit FT's Collateral Management module.
Improves STP for centrally cleared trades with full clearing workflow support that supports both clearing and non-clearing members and seamless integration to Summit FT's Collateral Management module.
Full browser ?