OMIP Account Type

　　OMIP offers several types of trading member accounts, which are categorized based on the role each member plays in the derivatives market. The primary types of trading members include:

• 　　Trading Member for Own Account (Dealer): This type of member introduces orders exclusively for themselves or for entities that they control or are part of the same group.

• 　　Trading Member for Third Parties (Broker): This member introduces orders exclusively on behalf of clients.

• 　　Trading Member for Own Account and Third Parties (Broker-Dealer): This member introduces orders for both their own account and on behalf of clients.

• 　　Market Maker: Acting for their own account, market makers are required to introduce buy and sell orders with minimum quantity limits and maximum spread limits, as per the market making agreement with OMIP.

　　To become a trading member, entities must be legally able to act on the market, possess the appropriate human, technical, and operational resources, and either become a clearing member or sign a clearing agreement with a clearing member.

　　

OMIP Broker Account Opening Process

　　The process to open a broker account at OMIP involves several key steps:

• Eligibility Requirements:
• The entity must be a legally recognized company.
• It must have the capability to clear transactions, either by becoming a clearing member or signing an agreement with one.
• Sufficient human, technical, and operational resources must be demonstrated.
• Application Submission:
• Interested parties must submit an application to OMIP, detailing their qualifications and capabilities.
• Documentation:
• Provide necessary documentation to prove legal status and operational capacity.
• Approval Process:
• OMIP will review the application and documentation to ensure compliance with their requirements.
• Membership Fees:
• Depending on the type of trading member account, fees range from €0 for OTC brokers to €12,000 per year for full trading members.
• Account Setup:
• Once approved, the trading member will set up their trading and clearing accounts, enabling them to participate in the market.

　　For more detailed information, please refer to the official OMIP website.