Derivatives Exchange Membership
In the final video of this series on derivatives exchanges, Abdulla examines the membership structure of those exchanges whilst noting that not all exchanges will be identical.
Overview
Exchange membership is a requirement to directly access the facilities of an Exchange, primarily its trading platform.
Key learning objectives:
To understand the difference between Clearing and Non-Clearing Members
To understand the relationship between Clearing members, Non-Clearing members and the Clearing House
The process of how trades are registered with the Clearing House and the responsibilities of the various market participants
The application and limits of Clearing House guarantees
Summary
Expert
Abdulla Javeri
Abdulla’s career in the financial markets started in 1990 when he entered the trading floor of the London International Financial Futures Exchange, LIFFE, and qualified as a pit trader in equity and equity index options. In 1996, Abdulla became a trainer for regulatory qualifications and then for non-exam courses, primarily covering all major financial products.
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