Non Member Trader

Posted in Finance, Accounting and Economics Terms, Total Reads: 830

Definition: Non Member Trader

Non Member trader is a trader who who is not a member of a particular exchange but can operate by piggy riding on an existing member. 

Normally all exchanges have members and those members are allowed to trade. These members can trade freely without brokers or firms. These members are required to have certain qualifications and clear the requirements set by the exchange.

Now these members can provide access to non-members. Non member trader cannot have full access and rights as a member would have but they can trade. 

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