Definitions for "Clearing Member"
A member of an exchange clearinghouse responsible for the financial commitments of its customers. All trades of a non-clearing member must be registered and eventually settled through a clearing member.
A member of an exchange clearinghouse, responsible for executing client trades and other financial commitments of customers.
A member of a clearinghouse or an association. All trades of a non-clearing member must be registered and eventually settled through a clearing member.
Is a person that is associated as a responsible party for activities related to the clearance of futures, options, or securities transactions.