The introduction of Electronic Communication Networks (ECNs) and Automated
Trading Systems (ATSs)-extending cyber communication from dealers and
brokers to dealers and their customers-will present new challenges to the entire
industry.
Because trading activity will increasingly be centered on remote electronic
workstations, trading parties may need to take special precautions concerning
passwords and system access. Such measures would include:
1) working with one's counterparties to ensure that individual passwords are
utilized,
2) recognizing the importance of guarding individual passwords, and
3) guarding the software and hardware of one's own workstation. Trading
parties will need to have up-to-date virus protection and must use caution
in downloading and accessing external information.
Trading Systems (ATSs)-extending cyber communication from dealers and
brokers to dealers and their customers-will present new challenges to the entire
industry.
Because trading activity will increasingly be centered on remote electronic
workstations, trading parties may need to take special precautions concerning
passwords and system access. Such measures would include:
1) working with one's counterparties to ensure that individual passwords are
utilized,
2) recognizing the importance of guarding individual passwords, and
3) guarding the software and hardware of one's own workstation. Trading
parties will need to have up-to-date virus protection and must use caution
in downloading and accessing external information.
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