There are actually 4 entities inside the trading program. Buying and selling members, clearing associates, Specialist clearing associates and http://query.nytimes.com/search/sitesearch/?action=click&contentCollection®ion=TopBar&WT.nav=searchWidget&module=SearchSubmit&pgtype=Homepage#/소액결제 members.
1. Investing users: Buying and selling users are members of NSE. They're able to trade possibly by themselves account or on behalf of their purchasers like contributors. The Trade assigns a Investing member ID to each investing member. Each buying and selling member may have multiple user. The number of people permitted for every buying and selling member is notifi ed from the exchange every so often. Just about every consumer of a investing member need to be registered Using the Trade and is assigned an unique user ID. The exceptional buying and selling member ID functions as a reference for all orders/trades of different users. This ID is frequent for all consumers of a certain trading member. It is the responsibility from the investing member to take care of suitable Regulate more than persons getting access to the fi rms Person IDs.
2. Clearing associates: Clearing customers are associates of NSCCL. They carry out danger management activities and confi rmation/inquiry of trades from the investing process.
3. Professional clearing customers: An expert clearing associates is a clearing member that is not a buying and selling member. Generally, banks and custodians develop into professional 소액결제현금화 clearing users and obvious and settle for their buying and selling users.
four. Individuals: A participant is actually a shopper of trading customers like money institutions. These consumers may well trade through many trading associates but settle via a solitary clearing member.