Common use of Participant Interface Clause in Contracts

Participant Interface. (a) The Operator must establish a document setting out the Operator’s procedures and minimum requirements, to be known as the Interface Protocol, for: (i) establishing and maintaining an interface between the systems of the Member and the Trading System for the purposes of participation in the Exchange; (ii) establishing authorised user identities within the Trading System; and (iii) providing processes and guides for the use of the Trading System and communications. (b) The Operator may amend the Interface Protocol after consulting with Members, and must publish the current Interface Protocol on its website. (c) Each Member must comply with the Interface Protocol and must enter into any access and licensing agreement reasonably required by the Operator under the Interface Protocol, governing the terms of access to and use of the Trading System. (d) Each Member is responsible for ensuring that anyone accessing the Trading System using that Member’s interface to the Trading System: (i) is authorised by the Member to do so; and (ii) is aware of and complies with the Interface Protocol, the terms of any access and licensing agreement entered into under the Interface Protocol and the provisions of this agreement that relate to Trading System access and use. (e) Each Member is responsible for ensuring that the systems and equipment used by it interface correctly with the Trading System. The Operator has no liability whatsoever to any Member in connection with any failure of any system or equipment used by a Member to interface correctly with the Trading System.