Membership is available through three categories each offering various trading and clearing rights:
Clearing Memberships
Trading Memberships
- Trading Member (TM) can trade for both itself and its clients
- Proprietary Trading Member (PTM) can trade for itself only
- Authorised Remote Member (ARM) can trade for itself and for its clients from outside the Kingdom of Bahrain with an arrangement for clearing through a Clearing Member or a Trading & Clearing Member General.
- Proprietary Authorised Remote Member (PARM) can trade for itself from outside the Kingdom of Bahrain with an arrangement to clear through a Clearing Member or a Trading & Clearing Member
Trading & Clearing Memberships
- Trading & Clearing Member (TCM General) can trade and clear for itself and its clients and other Trading Members
- Trading & Clearing Member (TCM Self) can only trade and clear for itself and its clients
| Membership Type |
Member of BFX? (trading) |
Member of BCDC? (clearing) |
Can trade for self? |
Can trade for clients? |
Can clear own & client trades? |
Can clear TM/ARM trades? |
Where must be based? |
Can market to clients in Bahrain? |
| CM |
No |
Yes |
No |
No |
N/A |
Yes |
Bahrain |
Yes |
| TCM General |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Bahrain |
Yes |
| TCM Self |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Bahrain |
Yes |
| TM |
Yes |
No |
Yes |
Yes |
No |
No |
Bahrain |
Yes |
| PTM |
Yes |
No |
Yes |
No |
No |
No |
Bahrain |
No |
| ARM |
Yes |
No |
Yes |
Yes |
No |
No |
Outside Bahrain |
No |
| PARM |
Yes |
No |
Yes |
No |
No |
No |
Outside Bahrain |
No |