Introducing Broker Membership

Introducing Brokers introduce clients to Clearing House for the purpose of those clients executing transactions on the Exchange.

Introducing Brokers earn income in the following manner:

• By sharing in commissions generated by their clients when trading on the Exchange. Introducing Brokers introduce clients to Clearing House for the purpose of trading on the Exchange. Members that are qualified may trade on behalf of clients under a limited power of attorney, i.e., in a discretionary manner. All interaction between the Exchange and the clients are accomplished through the Introducing Broker. He will enter orders with the Clearing House on behalf of the client and he is responsible for all requests for either initial margin or maintenance margin from the client. The Introducing Broker does not handle any customer funds. Any funds are transferred directly from the client/customer to the Clearing House and all payments to the client/customer are paid directly from the Clearing House to the customer/client. The Introducing Broker receives income in the form of rebates on commissions collected from the customer/client by the Clearing House.

• Through the generation of management fees earned from trading. These fees may take two forms: (1) fees based on a percentage of assets being managed; and (2) a percentage of profits generated on behalf of the client by the Introducing Broker.

The power of attorney does not allow the Professional Member to handle the client’s funds. Statements showing trading results are produced by the Clearing House who clears the client’s trades

• Duly incorporated company abiding prevailing laws of land.
• Minimum paid up capital equivalent to €25,000.
• Every quarter net-worth should be not less than equivalent to €10,000.