Membership

• Bourse Africa offers four categories of membership:

1. Trading Membership (TM) : TM has a right to trade on its own account and on behalf of its clients and clear & settle through either ITCM or PCM.
2. Trading-cum-Clearing Membership (TCM) : TCM has a right to trade and clear & settle on its own account and on behalf of its clients.
3. Institutional Trading-cum-Clearing Membership (ITCM) : ITCM has a right to trade on its own account and on behalf of its clients, and to clear & settle the trades executed by itself as well as by TM and TCM.
4. Professional Clearing Membership (PCM) : PCM has a right to clear & settle the trades executed by TM and TCM.

Members must have a high standard of integrity in all their operations in addition to complying with capital adequacy requirements and have appropriate staff and infrastructure. Applications for membership, and the applicants themselves, will be evaluated by strict standards to maintain public confidence in the Exchange.

• Each category can be taken for all products and exchanges in the Bourse Africa network, or for defined product sets and/or countries.
• Bourse Africa further invites its Members – brokers and other businesses – to participate in its broker clusters (known as ‘quality service centres’) as well as to collaborate in market development, including through joint provision of education, training and capacity-building solutions

For further information, please contact: