4.3.2 Registration of traders
1 The participant undertakes to register traders who trade on the Exchange. Such registrations must be made with the Exchange.
2 The Exchange registers traders who are of good repute and can display to the Exchange that they possess sufficient specialist knowledge. Traders must be subject to the participant's direct right of instruction at all times and acknowledge the rules and regulations of the Exchange.
3 The Exchange allocates an identification number to each registered trader. The Exchange system shall record all system entries along with the trader's ID number. The identification number is personal but may be given to other registered traders for purposes of proxy. The participant shall ensure the traceability of this proxy.