Examples of FCM Member in a sentence
A FCM Member may only report to a FCM Customer a trade that has been executed or reported on the Nadex Market.
No FCM Member that receives an order to buy or sell a Contract for execution on Nadex shall directly or indirectly guarantee the execution of the order or any of its terms, including quantity or price.
No FCM Member shall enter any bids, offers or transactions on the Market if it knows or should know that it is subject to early warning reporting requirements under Commission Regulation 1.12, is subject to a proceeding in bankruptcy or is otherwise unable to pay its obligations as they become due, without the prior written approval of Nadex.
You shall provide Nadex, inter alia, with the position account identifier of each customer and shall ensure that each customer has been trained in a manner deemed appropriate by the FCM Member regarding the Rules and any amendments thereto, the proper use of the Nadex System, and the proper use of any terminal or other device used to enter orders for submission to the Nadex System.
The FCM Member will be responsible for any and all order entries confirmed for its FCM Customer Position Accounts and its settlement accounts and accepted by Nadex.
No FCM Member shall knowingly carry an account, enter an order or effect any transactions for any employee of Nadex without the prior written consent of the employer.
Any FCM Member that is not an FDM is required to maintain adjusted net capital of at least $1,000,000.
Notwithstanding the foregoing, a FCM Member may maintain error accounts and/or test accounts.
You agree to abide by all of the Rules and Applicable Laws with respect to your trade and settlement obligations and to supervise the activities of your employees and agents to ensure, among other things, that all orders entered into the Nadex System are accurate and authorized by the FCM Member and any customer for whose benefit the order is submitted.
Member” means a Person who is approved by Nadex to be a Trading Member or a FCM Member and who is bound by these Rules as they may be amended from time to time.