Online Commodity Exchange in Bangladesh
Bangla Mercantile Exchange is largest commodity spot and futures exchange in Bangladesh, providing a broad range of benchmark commodity spot, futures and derivatives for trading in Bangladesh covering all major asset classes of commodities...
Membership of the Exchange is open to persons wishing to becoming members of the Exchange subject to their fulfilling requirements and criteria as specified by the Exchange.
Members are admitted in the following categories:
- 1. Clearing Member (CM)
- 2. Non-Clearing Member (NCM)
There are basically two types of Non-Clearing Members:
- 1. Institutional Member
- 2. Professional members
1. Clearing Member (CM)
CM is a person/corporate who is admitted by the exchange as a member, conferring upon him a right to trade and clear through the Clearing House of the Exchange, as a Clearing Member. The CM has the right to execute transactions in the trading system of the exchange like Non-Clearing member. CM also has a right to clear the transactions in contracts executed in Mex Bangla either for itself or on behalf of other Non-Clearing members.
CM can appoint their sub-brokers, set up their branch offices and franchises. Members can charge brokerage or commission from their clients, as may be negotiated between them.
To trade commodities, the seller has to bring his produce to Bangla Mercantile Exchange Ltd warehouse for its quality checking and weighing. If the produce qualifies as per the contract specifications given by Exchange, the produce is stored in Exchange designated warehouse and the seller has the right to sell his produce by quoting his price in the Exchange terminal. Exchange will provide the storage facility till the commodity is sold as per the price quoted by the seller.
- 1. Trading limits is allowed which may include trading limits with reference to Initial Margin deposit maintained with the Exchange;
- 2. Limit the spread between the quotes for bids and offers with respect to
- 3. Fixation of lots for trading at various levels
- 4. Limits of intra day price variation
- 5. Determine the types of trade permitted for the member to trade and security aspects order driven or quote driven;
The employee culture at Bangla Mercantile Exchange Ltd is progressive & adaptive. There is openness to new ideas and appetite for innovations. At Bangla Mercantile Exchange Ltd, employees experience fast-paced work environment with an open communication from top to down. Bangla Mercantile Exchange Ltd offers exciting and challenging career opportunities for ambitious & result oriented professionals.
Mex Bangla is continuously willing to enhance and enrich its workforce with people having relevant work experience or novice persons who are innovative, energetic and passionate.
Compensation packages shall be most attractive and comparable with the best in the industry. Interested candidate meeting the above criteria may upload the resume below or email your resume to email@example.com.