nonclearing member

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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 ?
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.
Misys launches Summit FT Version 5.6
The service allows clearing members and non-clearing members of Eurex to control their trading and operational risks by setting pre-trade limits on aggregate risk metrics.
Clearing members will be able to set limits for non-clearing members. Members can also choose how the solution reacts when a breach of the risk parameters occurs, either by having an alert message sent to the respective clearing member, through an automatic throttling of orders and quotes, or by halting all trading activities.
Eurex enhances pre-trade risk solution
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