1) Management must actively monitor the use of systems to ensure that staff
is properly trained, disputes are identified promptly, and proper interaction
exists with vendors.
2) Procedures involving trade disputes should be documented and fully
understood by all parties before any trades are executed.
3) Participants should fully integrate electronic trading systems with their own
internal processing systems to avoid exceeding credit and other risk limits.
4) Firms should be fully aware of their system capabilities, including
obligations of all offered services and potential liability if they fail to satisfy
their obligations.
5) Contingency, recovery, and security procedures should be continually
assessed.
is properly trained, disputes are identified promptly, and proper interaction
exists with vendors.
2) Procedures involving trade disputes should be documented and fully
understood by all parties before any trades are executed.
3) Participants should fully integrate electronic trading systems with their own
internal processing systems to avoid exceeding credit and other risk limits.
4) Firms should be fully aware of their system capabilities, including
obligations of all offered services and potential liability if they fail to satisfy
their obligations.
5) Contingency, recovery, and security procedures should be continually
assessed.
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