A. Subject to qualifications required by the ASE and/or the JSC, the Broker, as it deems appropriate, may require qualifications in the client who use the ITS. B. The Broker shall take all necessary procedures to verify the identity of the client who requests opening an Internet trading account and
The ASE Board of Directors may set up: A. The minimum balance required, in cash or equivalent securities; for opening an Internet trading account B. The types of buying and selling orders- and the duration of their validity - which the client is permitted to enter through the ITS.
A. The program verifies the sufficiency of the client's cash or securities balances, before any order entry, or modification of an existing order into the ETS. B. If the client issues an order to the Broker according to article (13/B) of these directives, the Broker must verify the sufficiency of
A. Except scheduled maintenance times, the client may at all times enter new buying and selling orders, modify and cancel non-executed and partially executed existing orders, through the program which sends them to the ETS during the trading hours in the ASE. B. The client may issue to the Broker
The program shall electronically do the following: A. When a buying order is sent to the ETS, the cost of the securities to be bought, together with the value of trading commissions and due charges, shall be seized from the client's cash account available for trading. B. When a selling
The Broker must immediately inform the ASE and the JSC in writing of prohibited acts committed in violation of the provisions of the Securities Law, regulations, directives, and decisions issued pursuant thereto by its clients who use the ITS.
The Broker must guarantee providing its clients who use the ITS with the following live trading information: A. Live Market Watch. B. A "Market Depth" function reflecting at least the best five bid/ask prices and quantities for the selected security. as supported by the ASE. C. The client's cash and
Any Broker wishes to offer the ITS to its clients shall sign a data distribution agreement with the ASE.
A. The ASE shall maintain an electronic performance log for all the brokers which offer the ITS - in accordance with a form approved by the JSC- includes the following data and information for each Broker; 1. The date, time and duration the ITS is unavailable for its clients for