PMEX (formerly NCEL) offers new memberships

Pakistan Mercantile Exchange (formerly National Commodity Exchange Limited - NCEL) is an all-electronic, demutualized Exchange for trading of commodity and financial futures and options. It is regulated by the Securities and Exchange Commission of Pakistan (SECP).

PMEX (formerly NCEL), after the successful ‘Soft Launch’ of its operations on May 11, 2007, is pleased to announce that its Board of Directors have approved the simultaneous lifting of the ban on granting of new Memberships and Transfer of existing Memberships, with the approval of the SECP.

Please note that all transfers and granting of new Memberships are at the sole discretion of the PMEX Board (formerly NCEL Board), subject to the applicant meeting the specified criteria. The details of the Categories of Memberships being offered are as follows;

Once Membership of the Exchange has been granted, all applicants must apply to the SECP for the right to trade on the Exchange as an PMEX (formerly NCEL) Broker provided that the fit and proper criteria is duly complied with and all conditions are met.

In order to receive your application form, please send a letter to:

Head of Compliance
Pakistan Mercantile Exchange
(formerly National Commodity Exchange Limited)
Tel: 021-111-623-623
Website: www.pmex.com.pk

Specifying which category of Membership you wish to apply for along with a Pay Order or Bank Draft made payable to Pakistan Mercantile Exchange (formerly National Commodity Exchange Limited - NCEL), for Rs. 10,000.

For Information and criteria on each of the different categories of Membership please see our below fact sheets;

• Institutional Membership
  
• Universal and Commodity Specific Membership