Whole Section

  • 4.33 Stock Account

    • 4.33.2

      All purchases and sales of securities or futures contracts by a Trading Member for its proprietary account must be made under a separate Stock Account of the Trading Member.

      Added on 3 June 20193 June 2019.

    • 4.33.3

      A Stock Account must be operated by a person who is licensed to trade, as designated, pursuant to a delegation of authority, by a member of senior management or delegate staff who is independent of the member's proprietary desk. The Trading Member shall procure that the senior management or an independent delegate appointed by senior management shall oversee the operation of the Stock Account by the designate.

      Added on 3 June 20193 June 2019.