MembershipCMX is open for local, regional, and international market participants. The exchange membership committee determines membership licensing. CMX will issue permits to qualified applicants on an ongoing basis. A membership permit will fall under three classifications. The membership classifications are: –
- Clearing Member
- Trading Member
Resources Provided to New Members
PANEX and its technology partners have developed a comprehensive trading and clearing turnkey solution for its members. Members do not need to invest in costly technology thereby freeing up cash to expand and build their businesses. The Brokers are provided with a fully integrated suite of systems including a front end trading platform coupled with middle and back office systems. The clearing members are also provided with state of the art risk management systems. This risk management software can run on the PANEX data center or on member’s own servers.