Nasdaq Dubai offers brokers the opportunity to connect their clients to exciting investment options on the region’s international exchange.
The process of becoming a Nasdaq Dubai Member is straight forward. 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)||Yes||-||-|
|ndividual Clearing Member (ICM)||Yes||Yes||-|
|General Clearing Member (GCM)||Yes||Yes||Yes|
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 not 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.
Nasdaq Dubai Application
Membership on Nasdaq Dubai
A joint press release will be issued with a welcome message on Nasdaq Tower in Times Square, New York