Member Representatives

A member representative is an individual authorized to represent the member in transactions with the Exchange and/or in clearing and settlement operations, receive notifications on behalf of the member, maintain open communication channels between the Exchange and the member, and hold signature authority. 

Each member is required to employ at least one member representative while conducting intermediary activities with the Exchange. 

Members must prepare notarized representation documents that meet the minimum requirements set by the Exchange and notify the Exchange of the individuals they appointed as member representatives. 

Member representatives are required to act in good faith and honesty, comply with the Ministry and Exchange regulations, follow the rules set by the Exchange, maintain order and discipline, provide any requested information and documents to the Exchange or its officials, and offer the necessary assistance and cooperation. They must also adhere to the obligations outlined in the relevant regulations. 

The Exchange organizes training programs for representatives of members who are designated as member representatives for Exchange trading terminals and who will carry out order transmission and other authorized tasks and transactions, according to the markets in which they will trade. Representatives who will be defined as users of the Exchange Trading System (ETS) must participate in the ETS Training program organized by the Exchange and pass the exam. Individuals who successfully complete the training programs and meet the conditions set forth in the relevant legislation can trade on the Exchange markets as representatives of members.

Article 15 of the TMEX Membership Directives, titled “Member Representatives”;

• Under the first paragraph, at least one member representative to be defined as a user in the Exchange Trading System (“ETS”) must be notified to the Exchange.
• Under the fourth paragraph, the member representative to be defined as a user in ETS must participate in the ETS Training organized by the Exchange and pass the exam to be held after the training.

These conditions must be met.

Prospective representatives who meet the conditions outlined in the relevant regulations must complete the application form and submit it, along with the necessary documents, to TMEX.

For training and exam applications, the “TMEX EWR Market Member Representative Information Form” must be completed and sent to uye@turib.com.tr .

Related Documents

• TMEX EWR Market Representative Information Form
• TMEX Markets Member Representative Application Form
• TMEX Member Representative Declaration and Undertaking Letter (Annex-1)
• TMEX Member Representatives’ Personal Data Protection Information Notice (Annex-2)
• Explicit Consent Text for TMEX Member Representatives (Annex-3)
• TMEX Member Representative Certificate