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Nonclearing Member
(redirected from Non-Clearing Member)

   Also found in: Dictionary/thesaurus 0.01 sec.
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.


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nasdaq dubai pay to join Equities n General clearing member minimum $8 million n Individual clearing member minimum $2 million n Non-clearing member minimum $200,000 Derivatives n General clearing member minimum $10 million n Individual clearing member minimum $2 million n Non-clearing member minimum $200,000 Al Nisr Publishing LLC 2009.
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.
HTG is a Corporate Equity Member of the CME Group and a non-clearing member of Eurex and LIFFE.
 
 
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