| 1. |
In addition to all requirements in the Technology and Information Rulebook, VASPs providing Exchange Services shall have in place effective systems, procedures and arrangements to ensure that their trading systems—
|
| |
a. |
are resilient; |
| |
b. |
have sufficient capacity to ensure orderly trading under conditions of high uncertainty and/or extreme volatility; |
| |
c. |
are able to reject orders that exceed pre-determined volume and price thresholds or are clearly erroneous; |
| |
d. |
are fully tested to ensure that conditions under Rules III.C.1.a-c of this Exchange Services Rulebook are met; and |
| |
e. |
are subject to effective business continuity arrangements including, but not limited to, back-up and/or disaster recovery systems, facilities and sites, to ensure continuity of their services and reporting ability if there is any failure of the trading system.
|