Becoming a Member

Becoming a Member
Bahrain Bourse offers eligible Members with access to trading opportunities to quality asset classes enabled through world class technology and a highly regulated environment.

Admission Criteria & Requirements
To be eligible for admission as a Member,  an applicant must satisfy the following conditions:
  • The Member be a corporation conducting business in Bahrain with exception to External Members;
  • The Member must be qualified by a Clearing Member (unless it is admitted as a direct Clearing Member);
  • The Member must meet the requirements of the CBB and in particular Volume 6,and where the applicant is a CBB licensee such other licenses or authorization issued by the CBB;
  • The Member must satisfy to the BHB that it complies with, and will continue to comply with, the capital and financial requirements that BHB prescribes;
  • The Member must satisfy to the BHB that it has facilities, procedures, personnel and financial resources which are adequate for the performance by the applicant of its obligations as a Member under BHB Market Rules and for expeditious and orderly dealings with BHB and other Members;
  • The Member must comply with such other requirements as may be prescribed by BHB from time to time.

 

Membership Categories

Category Permitted Activities Capital Requirement Clearing Method
Discount Broker Collecting investors’ or clients’ orders which are required to be executed on BHB through a broker, dealer, or broker-dealer BD 10,000 Cleared through a registered clearing Member
Broker
  • Trading in securities as Agent;
  • Arranging transactions in securities as an Agent
BD 50,000 Cleared through a registered clearing Member
Broker-Dealer
  • Trading in securities as Principal;
  • Trading in securities as Agent;
  • Executing transactions in securities as Principal and arranging transactions for clients as Agent;
  • Managing securities’ portfolios;
  • Depositing of securities;
  • Advising on securities businesses;
  • Providing market research and analysis.
BD 250,000

Cleared directly by broker (Direct Clearing)

External Broker

Trading in securities as an Agent
Arranging transactions as Agent

BD 100,000 Cleared through a registered clearing Member
External Broker-Dealer
  • Trading in securities as Principal;
  • Trading in securities as Agent;
  • Executing transactions in securities as principal and arranging transactions for clients as Agent;
  • Managing securities portfolios;
  • Depositing of securities;
  • Advising on securities businesses;
  • Providing market research and analysis
BD 250,000 Cleared through a registered clearing Member
Authorised Trader Financial institutions or high net worth investors to be authorized by BHB and shall act as principal only BD 500,000 Cleared through a registered clearing Member or Directly through the broker (Direct Clearing)