Trading broker and clearing broker list
Ever since the s, the majority of commodity contracts traded are financial derivatives with financial underlying assets such as stock indexes and currencies. When executing trades on behalf of a client in exchange for a commission he is acting in the role of a broker.
When trading on behalf of his own account, or for the account of his employer, he is acting in the role of a trader. Floor trading is conducted in the pits of a commodity exchange via open outcry. A floor broker is different than a "floor trader" he or she also works on the floor of the exchange, makes trades as a principal for his or her own account. IBs do not actually hold customer funds to margin.
They advise commodity pools and offer managed futures accounts. CTAs exercise discretion over their clients' accounts, meaning that they have power of attorney to trade the clients account on his behalf according to the client's trading objectives. A CTA is generally the commodity equivalent to a financial advisor or mutual fund manager. A commodity pool is essentially the commodity equivalent to a mutual fund. Our trading members have access to roughly 36, securities denominated in more than 50 currencies.
Depending on the membership type you apply for, the application process is slightly different, but in both cases straightforward. Let us know who you are: The Luxembourg Stock Exchange does not charge for clearing and settlement.
Members are free to choose their service provider. Instruments overview Get the full picture out what instruments you can list Bonds All debt securities including green or RMB bonds Euro MTF Contact us. Corporate governance LuxSE's ten principles that aim at ensuring the highest market standards through transparency, business ethics and controls.
Home Trading Brokers and dealers Our trading members have access to roughly 36, securities denominated in more than 50 currencies. Getting access to LuxSE markets is easy.