How to become an exchange broker’s client
Brokerage services can make participation in exchange trades much simpler and mitigate most of the associated risks.
A broker can participate in exchange trades:
- on behalf of the client and at client’s expense
- on behalf of the client and at broker’s expense
- on behalf of the broker at client’s expense
Regardless of the selected mode of participation the broker and its client enter into bilateral relations and are bound by the brokerage contract. Therefore, it is the exchange broker who registers its client at BUCE.
To become an exchange broker’s client one need to do as follows: