Trading members and participants are allowed to appoint, with the approval of the F&O segment of the exchange, authorized persons and approved users to operate the trading workstation(s). These authorized users can be individuals, registered partnership firms or corporate bodies as defined under the Companies Act, 1956.
Authorized persons cannot collect any commission or any amount directly from the clients he introduces to the trading member who appointed him. However he can receive a commission or any such amount from the trading member who appointed him as provided under regulation.
Approved users on the F&O segment have to pass a certification program which has been approved by SEBI. Each approved user is given a unique identification number through which he will have access to the NEAT system. The approved user can access the NEAT system
