Registration of traders in the currency market
Transactions on BCSE are carried out by traders on behalf of trade participants.
A trader is a representative of a trade participant who performs on-exchange transactions on behalf of a trade participant within the powers granted to him by the trade participant’s power of attorney (legal entities) or a trade participant who performs on-exchange transactions on his own behalf (individuals, individual entrepreneurs, notaries engaged in notarial activities in a notary bureau, lawyers engaged in advocacy individually).
To register a trader in the trading system, a Section member shall submit the following documents to BCSE:
- to allow a trader to work in the BCSE trading system, a trade participant shall submit to each trader a power of attorney for the right to carry out transactions on behalf of the trade participant or a copy of the document (an extract from the minutes of the candidate`s authorized body decision, a contract, etc.) confirming the right of a trade participant’s employee to act on behalf of the trade participant without a power of attorney (the requirement does not apply to individuals and individual entrepreneurs, notaries carrying out notarial activities in notary offices, lawyers carrying out legal activities individually acting on their own behalf);
- to provide access to the trader’s personal account in accordance with the BCSE instructions.