Fish Pool Rulebook App 5

Appendix
to
Agreement for
Electronic Trading at www.SalmonPrice.com
Fish Pool ASA
according to the Fish Pool Rulebook
Table of contents:
1
General provisions ........................................................................................................................... 2
2
Trading at www.salmonprice.com .................................................................................................. 2
Fish Pool Electronic Trading Agreement – ETS. Version 3.2. Date April 15th 2015
1
GENERAL PROVISIONS
Fish Pool operates www.salmonprice.com for Listed Products in addition to the services
provided by the Fish Pool Exchange Desk (FPED) for all Listed and Non-Listed Products.
Trading at www.salmonprice.com can only be carried out by Trader(s) registered with an
Electronic Trading Agreement. Upon entering into the Electronic Trading Agreement, the
Trade Member undertakes to fulfil all the obligations given in this Electronic Trading
Appendix. The Trade Member will be assigned one or more personal accesses to
www.salmonprice.com when entered into the Electronic Trading Agreement.
Only Responsible Person(s) or Trader(s) registered in the Trade Member Agreement may be
given Trader access to www.salmonprice.com.
The Trade Member is responsible without limitations for any Orders registered through
www.salmonprice.com, and is held to have authorised the subsequent Clearing with the
Clearinghouse for all Trades done in Cleared Products at www.salmonprice.com.
The Trade Member is responsible for implementing proper security procedures to prevent
unauthorised use of www.salmonprice.com and comply with all requirements under the
Electronic Trading Agreement.
Rules for Trading, registration of Orders, priority, Matching, Trade Confirmation and Market
Conduct Rules are governed by the Rulebook and its appendixes, and are fully applicable
when using www.salmonprice.com.
The procedures and protocols set out in the User Guide for www.salmonprice.com shall apply
to Trading through Fish Pool at www.salmonprice.com. In the event of inconsistency between
the Rulebook and the Electronic Trading Agreement, this Agreement shall prevail. In the
event of inconsistency between the User Guide and the Electronic Trading Agreement, the
Electronic Trading Agreement shall prevail.
2
TRADING AT WWW.SALMONPRICE.COM
a.
www.salmonprice.com is Fish Pool’s electronic trading system, where Members may
electronically register Orders for automatic prioritising and Matching of Orders in Trading
Hours, as further described below.
b.
A Trade Member must nominate one or more Trader(s) in accordance with the Trade
Membership Agreement who shall have Trader access to www.salmonprice.com for
registration and cancelling of Orders. Name of each Trader nominated for Trading at
www.salmonprice.com shall be notified to Fish Pool by the form in the Electronic Trading
Agreement. Each Trader shall be granted a unique log-on identification by Fish Pool.
Fish Pool Electronic Trading Agreement – ETS. Version 3.2. Date April 15th 2015
c.
Each Trade Member is responsible for all Orders registered from any log-on identification
designated for its Trader(s) and / or Trading Representative(s), and for all Trades done based
on such Orders. In the event of a security breach in relation to any log-on identification, a
Member may request that Fish Pool cancel the relevant log-on identification and issue new
log-on identification. Fish Pool shall cancel such log-on identification as soon as reasonably
practicable. For the avoidance of doubt the Member shall be liable for all Orders registered
in respect of a logon identification prior to a cancellation of such log-on identification.
d.
Fish Pool shall inform Members of Orders and Trades registered at www.salmonprice.com
by displaying such Orders and Trades. The identity of the party is held confidential.
e.
A Firm Order is valid for the Trading Day on which it is recorded, unless the Order specifies
another expiry day or specifies that the Order is valid until cancelled.
f.
A Firm Order may be subject to Matching until:
(a)
Cancelled or changed by the Member and such cancellation or change has been
electronically confirmed at www.salmonprice.com or confirmed cancelled by FPED
or
(b)
Expiry of such Order pursuant to Clause e above.
g.
Firm Orders entered into www.salmonprice.com outside Trading Hours is open for Matching
immediately.
h.
www.salmonprice.com shall generate and send to the Parties of a Trade an electronic Trade
confirmation when their Orders have been Matched. The Traders and Trade Members may
choose not to receive such confirmations.
Fish Pool Electronic Trading Agreement – ETS. Version 3.2. Date April 15th 2015