Rules and Regulations Governing Dealing Members - The Nigerian ...

RULES AND REGULATIONS GOVERNING DEALING MEMBERSTRADINGArticle 73:Official Days and Hours of The ExchangeThe Exchange shall open for Trading on all days except Saturdays and Sundays and on such National publicholidays as may be declared from time to time.Article 74:Trading shall be conducted at specified times as may be determined by Council. The Exchange may extend,advance or reduce trading hours by notifying Dealing Members when necessary.Article 75:Mode of TradingThe Exchange shall provide an Automated Trading System to be referred to as The Nigerian Stock ExchangeAutomated Trading System (The NSEATS).Article 76:Maintenance of Trading Systems(a)(b)Each Dealing Member must maintain the appropriate systems and technology to enter customers'orders and receive reports and trading data electronically from the Exchange's trading systems.Dealing Member must also maintain the required electronic linked facilities with the CentralSecurities Clearing System (CSCS) and maintain an off-site back-up system for data to prevent anyproblems in its electronic systems.Trading shall only be allowed through approved Workstation(s) located on any of The ExchangeTrading Floors and/or at approved office(s) of a Dealing Member or any other access mode as maybe approved from time to time by Council.Article 77:Permission to Use the Trading SystemThe permission to use the Trading System shall be subject to payment of such charges as The Exchange mayfrom time to time prescribe.Article 78:RestrictionsA Dealing Member shall not permit itself or any other person(s) to:(a)(b)Use the software provided by The Exchange for any purpose other than the purpose as approvedand specified by The Exchange.Use the software provided by The Exchange on any equipment other than the workstation approvedby The Exchange.