How to become an authorising member firm

• Authorising member firms must have sufficient risk management controls and procedures in place to prevent the entry of erroneous orders to the Exchange’s trading system. If you do not already have such software in place, you may wish to discuss your requirements with an accredited Independent Software Vendor (ISVs) offering an appropriate software solution.
  
  
• Member firms are required to submit a statement to the Exchange confirming that they have undertaken appropriate due diligence. A due diligence statement template can be found under the Downloads section on this page.
  
  
• Member firms should also submit a clear and concise systems diagram indicating the technical connectivity arrangements through which the MAC customer will connect to the Exchange and where within this connection the member firm's risk management controls will be placed.
  
  
• Prior to agreeing to a Member Authorised Connection, the Exchange will discuss with the member firm the risk management controls that are in place. A site visit by the Exchange may also be required.
  
  
• Member firms will retain sole responsibility for ensuring that the controls in place are adequate given the MAC customer's business and at no time will the Exchange provide member firms with a view of whether the controls in place are satisfactory. 

If you would like to become an authorising member firm, please contact your Primary Account Manager or Technical Account Manager.

Downloads

MAC Service and Technical Description December 2008 (file pdf - 116 KB)
MAC for your clients fact sheet (file pdf - 199 KB)
MAC fact sheet (file pdf - 203 KB)
Due dilligence statement template (file doc - 34 KB)
MAC controls letter (file doc - 38 KB)