No Broker shall offer the ITS before obtaining the ASE's written approval and the JSC's authentication in accordance with the specific mechanism in these directives.
A. Trading in securities on the ASE shall take place through trading contracts between Brokers either for their own accounts or their clients' accounts. B. For purposes of implementing these directives, entering buying and selling orders to the ETS shall be restricted to clients who use the ITS via the
The Broker must provide sufficient funds necessary to confront and meet its financial obligations arising from dealings in securities in accordance with the provisions of these directives.
A. The Broker wishing to offer the ITS must submit an application to the ASE, together with all required documents - which are certified by the ASE- as per the standard form made for this purpose, the documents should include the following: 1. A draft form of Broker - Client
The ASE shall review and submit a certificate to the JSC that: A. All documents and information attached with the application are accurate, complete and in compliance with these directives. B. The program which is used by the broker meets the ITS requirements. C. The broker's IT infrastructure is suitable
A- After approving the Broker's application by the ASE in accordance with these directives, the ASE forwards the application with all supporting documentation to the JSC to obtain its authentication. B- The JSC may request additional requirements before the authentication of the application.
A- The Broker, who obtained the ASE's approval and the JSC's authentication to provide the ITS, shall publish the Risk Disclosure Statement indicated in article (6/A-3) of these directives on its website before proceeding to provide the ITS. B- The Broker shall at all times keep the Risk Disclosure Statement
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.