Broker Member

Spanish translation: corredor/bróker miembro

18:23 Jul 21, 2017

English to Spanish translations [PRO]
Bus/Financial - Finance (general) / Brokers

English term or phrase: Broker Member

I need to know how a Broker Member is called in Spanish.
Context:
To perform as a trader (broker) of commodities in the UAE the company (a legal entity incorporated according to the UAE law or foreign company incorporated outside the UAE) needs to carry out the necessary procedures to obtain a membership from DGCX (Dubai Gold and Commodities Exchange).

Broker Members are entitled to trade on all the products listed by the DGCX either on proprietary basis or on behalf of clients. Broker members have to meet minimum Net Current Tangible Asset (NCTA) requirements specified by Exchange, and comply with a set of regulatory requirements specified in the DGCX By – Laws. Broker Members proposing to deal on behalf of clients, will be subject to statutory regulations.

Broker Members will require a license from the Securities and Commodities Authority UAE (SCA). Following provisional admission to DGCX Broker Membership, the Exchange will submit the necessary papers to the SCA on the applicant's behalf.

Applicants for DGCX Broker Membership incorporated outside the UAE will be required to provide details of the regulatory arrangements they are subject to in their home jurisdiction.

Before an applicant is approved as a Broker Member, the Exchange needs to carry out certain checks such as;

The applicant's financial resources
The applicant's expertise and experience as a broker in commodities, derivatives markets and/ or in securities, or other similar markets
The applicant's likely contribution to the liquidity and development of DGCX markets
Fees and charges
Summary of Fees and Minimum Net Current Tangible Asset (NCTA) Requirements

To apply for DGCX membership you need to firstly complete the application form. The application fees for Broker and Trade membership is US$ 1,000. The application fees are non – refundable even if the application is unsuccessful. Monies received into DGCX accounts in respect of Membership must represent the full fees as notified. Broker Memberships are currently offered at an Admission Fee of US$ 150,000.

Gabriela Galtero KudoZ activity Questions: 207 (none open) (2 without valid answers) (7 closed without grading) Answers: 46
Local time: 21:15

Spanish translation:corredor/bróker miembro

Explanation:
No encontré mucha información al respecto, pero me parece que es una traducción directa. Los corredores o las firmas de corretaje o brókeres se vuelven miembros de la DGCX.

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Note added at 19 hrs (2017-07-22 13:40:56 GMT)
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Me sigo inclinando por no utilizar operador, ya que es mayormente usado para personas físicas y no jurídicas. en este caso estamos hablando de una empresa.

http://www.fundeu.es/recomendacion/broker-brokeres-agente-in...

Selected response from:

Marissa Aguayo Gavilano
Peru

Grading comment

Muchas gracias. No sabía si había algo más específico. Y tal como dices, en mi caso se trata de una empresa.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +1

operador

Javier Sancho Durán

3 +1

corredor/bróker miembro

Marissa Aguayo Gavilano

Answers

1 hr confidence:

peer agreement (net): +1

broker member operador

Explanation:
En España, podríamos fijarnos en el MEFF, por ejemplo. Ahí lo que se exige para invertir directamente o actuar como bróker (es decir, para invertir en nombre de otras personas) es una licencia de operador MEFF.

http://www.institutobme.es/esp/curso/Licencia_de_Operador_ME...

Reference: http://www.institutobme.es/esp/curso/Licencia_de_Operador_ME...

Javier Sancho Durán
Spain
Local time: 02:15
Specializes in field
Native speaker of:

Spanish

7 mins confidence:

peer agreement (net): +1

broker member

corredor/bróker miembro

Marissa Aguayo Gavilano
Peru
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 36

Grading comment

Muchas gracias. No sabía si había algo más específico. Y tal como dices, en mi caso se trata de una empresa.

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Spanish translation: corredor/bróker miembro

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