The trading system is made up of four parts. Members who trade, members who clear trades, and professional
clearing members and people who are involved.
Members who trade are also members of the NSE. They can trade by themselves
account or on behalf of their clients, participants included. A Trading member is chosen by the exchange.
ID to each member who trades. More than one person can use each trading member. The amount of
The exchange lets each trading member know every so often how many users they can have. Each user
member who wants to trade must sign up with the exchange and get a unique user ID. The
Each user's orders and trades are linked to their own unique trading member ID. This is a
common to all people who use a certain trading member. It is up to the trading member to do so.
to keep enough control over the people who can use the company's User IDs.
Members who clear: People who clear are members of NSCCL. Risk management is what they do.
Through the trading system, you can check on trades and confirm or ask about them.
- Professional clearing members: A professional clearing member is one who does not
a trading member. Usually, banks and custodians become professional clearing members and clear and settle for their trading members.
- Participants: A participant is a customer of trading members, such as a bank. These customers
may trade through more than one trading member, but only one clearing member is used to settle trades.
