Non-Member Trader

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Dictionary Says

Definition of 'Non-Member Trader'

A person or entity that does not have trading privileges or an exchange membership but who trades through a current member. Non-member traders do not have the same rights as member traders, which include the ability to execute trades on an exchange and authorization to have contracts under their name. 
Investopedia Says

Investopedia explains 'Non-Member Trader'

Each exchange has its own specific set of requirements potential members must meet. For example, the New York Stock Exchange (NYSE) is considered to have very strict requirements, and only allows a limited number of members to buy seats and earn the right to trade. Non-member traders might gain access through current members for speculation purposes or to hedge through derivatives to reduce risk. Some non-member traders could be subject to certain margin requirements when placing trades.

Brokerage firms that allow non-member traders and investors to execute trades at exchanges might also solicit and accept orders to buy or sell futures contracts, options on futures or retail off-exchange forex contracts.
Search results for

'Non-Member Trader'

  • Series 26 Study Guide - Sales Activities - FINRA Conduct Rule 2420 ...

    http://www.investopedia.com/exam-guide/series-26/sales/finra-conduct-rule-2420.asp
    ... Economic Calendar; Forex News; Free Resources; FX Trader. Definitions; ... rule does
    not apply to any non-member broker or ... price on a security to a nonmember firm than ...

  • Series 26 Study Guide - Sales Activities - FINRA Conduct Rule 2830 ...

    http://www.investopedia.com/exam-guide/series-26/sales/finra-conduct-rule-2830.asp
    ... This requirement will not prohibit arrangements where a non-member company pays
    compensation directly to associated persons of the member, as long as: ...

  • The Globalization Of Financial Services

    http://www.investopedia.com/articles/financial-theory/09/risk-free-rate-return.asp
    ... By providing the Federal Reserve with greater control over non-member banks, these
    two acts work to allow banks to merge and thrift institutions (credit unions ...

  • Series 6 Study Guide - FINRA Conduct Rules - FINRA Conduct Rule ...

    http://www.investopedia.com/exam-guide/finra-series-6/finra-rules/finra-conduct-rule-2830-member-compensation.asp
    ... This requirement will not prohibit arrangements where a non-member company pays
    compensation directly to associated persons of the member, as long as: ...

  • The Economics Of Labor Mobility

    http://www.investopedia.com/articles/economics/09/labor-mobility.asp
    ... Union have fewer restrictions on the movement of labor between members, but can
    still place tight restrictions on labor movement from non-member countries. ...

  • Series 6 Study Guide - FINRA Conduct Rules - FINRA Conduct Rule ...

    http://www.investopedia.com/exam-guide/finra-series-6/finra-rules/finra-conduct-rule-2820-member-compensation.asp
    ... Forex Education; Economic Calendar; Forex News; Free Resources; FX Trader. Definitions; ...
    requirement will not prohibit arrangements where a non-member company pays ...

  • Series 26 Study Guide - Sales Activities - Execution of Portfolio ...

    http://www.investopedia.com/exam-guide/series-26/sales/execution-transactions.asp
    ... assuming that none of the prohibited activities above have occurred, nothing in
    the conduct rules prohibits arrangements where a non-member company pays ...

  • Series 26 Study Guide - Communications with Prospects and ...

    http://www.investopedia.com/exam-guide/series-26/communications-customers/public-advertisements-sales.asp
    ... state or jurisdiction. reflect any relationship between the member and any
    non-member or individual who is also named. reflect which ...

  • Series 26 Study Guide - Sales Activities - FINRA Conduct Rule 2820 ...

    http://www.investopedia.com/exam-guide/series-26/sales/finra-conduct-rule-2820.asp
    ... This requirement will not prohibit arrangements where a non-member company pays
    compensation directly to associated persons of the member, as long as: ...

  • Series 6 Study Guide - FINRA Conduct Rules - FINRA Conduct Rule ...

    http://www.investopedia.com/exam-guide/finra-series-6/finra-rules/finra-conduct-rule-2830-investment-company-securities.asp
    ... Affiliated Member: refers to any member that, directly or indirectly, controls,
    is controlled by, or is under common control with a non-member company. ...

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