>   Membership Categories
Membership Categories
Broker Dealers (BD) Broker Dealers can execute trades in its own account as well as on behalf of its clients. However, clearing and settlement of trades executed shall be done through an empanelled Clearing Member.
Broker Dealer cum Self-Clearing Member (BD-SCM) Broker Dealer cum Self-Clearing Member can execute trades in its own account as well as on behalf of its clients and such trades shall be clear and settle by Broker Dealer cum Self-Clearing Member itself
Broker Dealer Cum Clearing Member (BD-CM) This category of membership entitles a member to execute in its own account as well as on behalf of its clients and to clear and settle trades executed by themselves as well as by other broker dealers who choose to use clearing services of such Broker Dealer Cum Clearing 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 such Professional Clearing Member.