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Member Types
Trading Members
It refers to the entities engaged in product trading and other related businesses in MEX, which are managed in accordance with the "Management Measures for Trading Members of the Macao International Carbon Emission Trading Exchange". Trading members can directly trade on the exchange, but settlement must be completed through clearing members. Trading members are trading participants of the trading varieties listed on the exchange. Trading members are classified into institutional clients, broker clients, retail clients, and market makers based on their attributes.
Institutional Client
機構客戶
It refers to physical enterprises, trading companies, carbon asset management companies, etc. These types of clients typically engage in bulk trading, enjoy more flexible margin requirements, and are considered high net worth clients in clearing and trading services.
Broker Client
經紀商客戶
It represents multiple end customers in conducting transactions. Brokers need to set up sub accounts for each client and differentiate and manage them based on their trading activities and risk management needs.
Retail Client
零售客戶
It refers to individual investors (retail malls) who can participate in the market directly or through brokers. Retail customers have limited trading privileges and are subject to strict risk management. Market Maker refers to a carbon credit market participant designated by MEX to conduct market making in this market. The act of continuously providing buying and selling quotes to customers in the trading market. In addition to complying with the general rules of the market, market makers should also meet other requirements of MEX regarding market makers.
Market Maker
做市商
Refers to carbon credit market participants designated by MEX to conduct market making in this market. The act of continuously providing buying and selling quotes to customers in the trading market. In addition to complying with the general rules of the market, market makers should also meet other requirements of MEX regarding market makers.
Clearing Institution
清算機構
It refers to off exchange settlement companies with clearing qualifications, responsible for ensuring the fulfillment of their own and other clients' transactions. Clearing members are generally institutions such as banks that are regulated and compliant by market supervision departments. They bear higher responsibilities and risks, and need to meet stricter capital and compliance requirements.
