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Membership
To become a member of ICE Futures Abu Dhabi, an applicant must complete an application form, undergo a due diligence review and execute an agreement stating that the applicant will adhere to all Exchange regulations.
All futures trades executed on the ICE platform are monitored by or attributable to Responsible Individuals who are accountable for the trading activities of both the member and the Member's customers. They are also responsible for the conduct of trades executed in the member's name.
ICE Futures Abu Dhabi
Categories
There are two categories of membership that determine the type of business which members may conduct. In addition to Membership category, a Member's status as a clearer will also impact the type of business they may conduct.
General Participants
Transact **own business and business for clients (whether such clients are other Members or non-Members).
Trade Participants
Transact **own business or affiliate business only.
Additional Notes
*General Participant and Trade Participant categories of membership must either be a Member of ICE Clear Europe or enter into a clearing agreement with a General Participant who is a Member of ICE Clear Europe.
**It is understood that "Own" business is business transacted solely for the benefit of that Member, a wholly owned subsidiary of that Member, the parent company of that Member, or a company in that Member's group of companies. Such business undertaken by a Member on behalf of another group company must not in turn be business undertaken on behalf of a third party.
Criteria
The Membership criteria, which an applicant must meet at the outset and must continue to meet as a Member, are detailed in the ICE Futures Abu Dhabi Exchange Regulations and Members are expected to inform ICE Futures Abu Dhabi of failure or anticipated failure to meet the membership criteria.
Responsible Individuals
In order to trade on the electronic platform the Member must register at least one Responsible Individual (RI) with ICE Futures Abu Dhabi in accordance with ICE Futures Abu Dhabi Trading Procedures. RIs must follow a set of guidelines that govern trading on the Exchange. The full set of requirements for RIs should be reviewed by those wishing to register as an RI. Please refer to the Responsible Individual Requirements here.
Authorization Requirements
Prospective applicants who are located outside of the Abu Dhabi Global Market (“ADGM”) will need to be recognized by the Financial Services Regulatory Authority (“FSRA”) as Remote Members (as defined in the Financial Services and Markets Regulations 2015) in order to be eligible for ICE Futures Abu Dhabi Membership. The relevant application form can be found here.