All financial institutions are eligible to become members provided that the following requirements are fulfilled:
- Where relevant, be registered, licensed or otherwise permitted by the appropriate regulatory body to conduct business on the Trading System
- Have financial resources of at least 50,000 USD for proprietary business and 50,000 USD for agency business unless the applicant is supervised by an appropriate regulatory body
- Have good commercial standing and business experiences
- Be duly organized, existing and in good standing under the laws of its jurisdiction of organization
- Have appropriate operational capabilities (hardware, software, communication systems, staffing)
- Be authorized by, or a clearing member of The Clearing Corporation
- As a non-U.S. applicant, enter into a written agency agreement appointing a third party as its U.S. agent for service of
process
Individual Traders are eligible to become members provided that the following requirements are fulfilled:
- Have attained legal age
- Be of good character
- Have good commercial standing and business experiences
- Have adequate financial resources and credit
- Have appropriate operational capabilities (hardware, software, communication systems)
- Enter into a clearing agreement with a member of The Clearing Corporation
- As a non-U.S. applicant, enter into a written agency agreement appointing a third party as its U.S. agent for service of
process
Please note: All French USFE members should be aware that the AMF requires the distribution of a disclosure document to
all prospective customers. Click here to download this
document.
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