To become an approved broker on the DCSX the broker applicant must have been accepted as a Shareholder and Member of the DSCX. Applicants shall in principle be a legal who either itself or thru an affiliate are already authorized to act as broker under a DCSX approved existing supervisory authority. The broker applicant shall satisfy the DCSX that it has the operational (including KYC and compliance monitoring capabilities) and technical infrastructure in place to professionally act as broker for its clients on the DCSX.
Role of a Broker
As a Member Broker, besides the role as described under “Role of a Member”, a DCSX approved broker buys and sells stocks, bonds a/o funds listed on the DSCX for both its retail and institutional clients as well as for its own account in return for a fee or commission. In its relation to its clients and towards the DCSX the broker shall adhere to the stipulations and regulations as set forth under Chapter 3 of the Rules and Regulations of the DCSX.