compliance guide - MCX

Compliance Guideupdated.6.1 Regular backup of important data on the systems (Refer Circular No. MCX/028/2004dated May 07, 2004)The Member must keep the backup periodically and maintain the register of the same. It mustbe ensured that Members do not download executable files from non-trusted sources on theInternet or from emails. Internet users should have desktop firewalls to protect theirsystems against unauthorised access from the Internet. Members planning to usepersonal/desktop firewalls are requested to contact Exchange systems personnel for thenecessary information required to allow Exchange Trader Workstation to communicate to theExchange.Members having corporate internet access like Internet Leased line, Cable Internet, ISDN or anyother type of Internet connectivity should use firewalls to protect their networks from maliciousand unauthorised access arising from the internet.Further as per Circular No. MCX/012/2006 dated January 10, 2006, the Member is required toensure that he has installed antivirus software which is capable to take care of operatingsystems and in case of members using internet for trading has installed firewalls to protect theirnetworks.7. Pro-Account Trading Terminals7.1 No. of TerminalsAs per Circular No. MCX/241/06 dated June 15, 2006, Members will place orders in ‘Pro-Account’ / OWN Account from not more than 2 terminals from one location and details of theterminals shall be informed to the Exchange in the format enclosed as Annexure 1 of the saidcircular.Trading terminals other than the above will have a facility to place orders only for and on behalfof a client by entering client code details as required / specified by the Exchange / FMC. Further,Member desirous to have facility of placing ‘Pro-Account’ / OWN Account orders from morethan one location, the Member has to submit an undertaking in the format, enclosed asAnnexure 2 of Circular no. MCX/241/06 dated June 15, 2006 to the Exchange stating the reasonfor use of such facility from multiple locations. The Exchange may on case to case basis considerextending the facility of allowing use of ‘Pro-Account‘ from more than one location; further,such permission will not be given for more than 5 terminals for a member across all locations forthis purpose.As per Circular No. MCX/347/2006 dated August 29, 2006 if any Member, undertaking proaccounttrading for arbitrage, desires to place pro-account trades through more than 2terminals in one location or more than 5 terminals across all locations, then he is required tosubmit a request to the Exchange stating the reasons for the same.As per Circular No. MCX/T&S/314/2011 dated September 14, 2011, while placing an order on- 38 -