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Membership Categories
Broker Dealers (TM) This category of membership entitles a member to execute trades on his own account as well as on account of his clients but, clearing and settlement of trades executed through the Broker dealers would have to be done through a Clearing Member.
Self-Clearing Member (SCM) This category of membership entitles a member to execute trades and to clear and settle the trades executed on his own account as well as on account of his clients.
Broker Dealer Cum Clearing Member (TCM) This category of membership entitles a member to execute trades on his own account as well as on account of his clients and to clear and settle trades executed by themselves as well as by other broker dealers who choose to use clearing services of the member.
Professional Clearing Member (PCM) A member only clears and settles trades of broker dealers of the Exchange who choose to clear and settle their trades through the Member.