How to become a Member
Nasdaq Dubai offers brokers the opportunity to connect their clients to exciting investment options on the region’s international exchange. Nearly all the UAE’s leading brokers are Members already. So are most of the world’s leading investment banks. We invite your firm to join as well.
The process of becoming a Nasdaq Dubai Member is straightforward. There are three options for connecting to the exchange.
|Scope of activity /
Type of Broker
|Trading||Clearing and settlement||Clearing and settlement for others|
|Trading Member (TM)|
|Individual Clearing Member (ICM)|
|General Clearing Member (GCM)|
- A TM simply executes trades. They are cleared and settled by a General Clearing Member.
- An ICM executes trades. It can also clear and settle those trades (but no others).
- A GCM executes trades and can clear and settle them, as well as clear and settle the trades of Trading Members.
Brokers outside the Dubai International Financial Centre (DIFC), including UAE and overseas brokers regulated by the Emirates Securities and Commodities Authority (SCA), can apply to join Nasdaq Dubai as a Member if they are Recognised by the DFSA.
Brokers inside the DIFC that are Authorised by the DFSA need only inform the Case Officer at the DFSA about their intention to become a Member of the exchange, in addition to submitting membership application documents to Nasdaq Dubai.