|
Membership Procedures
The membership procedures of TURKDEX contains five steps.
Step 1:
Authorization Certificate for Trading of Derivatives
Institutions which had already taken the certificate of authorization
from the Capital Markets Board (CMB) and further fulfilled the
prerequisites of TURKDEX, can apply for exchange membership.
Intermediary institutions who have assured the authorization certificate
for intermediary activities, may apply to CMB to obtain authorization
certificate for trading of derivatives instruments trading in derivative
instruments in order to transact in the markets under TURKDEX.
Step 2:
Membership Application
Applicants (including banks, intermediary institutions and futures
brokerage companies) willing to trade at TURKDEX should complete the
“Membership Application Form” and all other documents required by the
exchange. All the application documents should be submitted to TURKDEX’s
Member Relations Department.
Step 3:
Admission of Members
“Certificate of Turkdex Membership” will be given to applicants who
satisfy the membership requirements.
Step 4:
Admission Fees
Admission fees shall be paid into a bank account determined by the
Exchange within 10 working days after the membership approval.
Step 5:
Activation of Membership
Membership will become active upon completing the payment of the
admission fees. By the activation of the membership, members receive
the right to execute transactions at TURKDEX. |