Membership » The Process of Admission to Membership

Membership Admission Process

• Counseling for information to prospective members as per the requirement.
• Submission of completed application form along with documents.
• Processing of application by the Business Development Department, MSD of the Exchange.
• Interview of Business Development Department, MSD.*
• Compliance Reviews and Acceptance of submitted documents.
• Payment of Admission Fee to the Exchange before signing an agreement.
• Executing an agreement with the Exchange after all the requirements are satisfied for membership.
• Opening necessary bank accounts, prescribed by the Exchange in the designated banks.
• Grant of membership by MEX and a certificate of membership shall be issued to the member.
• Allotment of Membership Code by the Exchange and shall receive the respective console from the Exchange.

*Note: MEX may waive interview requirement for an applicant who is a member of other national-level exchange/s having trading experience, along with the background, potentiality and future plan, subject to submission of satisfactory documents issued as per the terms and conditions of an exchange.