Trading seats are divided into on-site trading seats and remote trading seats.
Article 4 After obtaining membership, a member shall have a trading seat in the venue. If a member needs to increase trading seats due to business development, it shall apply to the exchange, and after approval by the exchange, it may increase trading seats.
Article 5 The increase of trading seats for members is only to increase the trading channels for members, and the provisions of the Exchange on the position limit, risk control and other related aspects of members remain unchanged.
Article 6 To apply for increasing the number of trading seats on the floor, a member shall meet the following conditions:
(1) It is in good operating condition and has no major illegal records;
(2) The trading volume ranks in the top 50 within the first three months from the date of application, or there are a large number of orders engaged in futures trading on the exchange;
(3) Other conditions required by the Exchange.
Article 7 When applying for increasing the number of trading seats on the floor, a member shall fill in the Application Form for Increasing the Number of Seats for Members of Shanghai Futures Exchange, and submit the basic information of futures brokerage business in the past year, the explanation of applying for increasing the number of trading seats on the floor and other materials.
Article 8 After the application for increasing the number of trading seats on the floor is approved by the Exchange, members shall sign an agreement with the Exchange. The term of the agreement is one year, and the annual usage fee is 20,000 yuan.
Article 9 After signing the agreement, members shall go through the relevant access procedures at the Exchange within 10 working days. Overdue without reason, as a waiver.
Article 10 If the agreement has not expired, the member may terminate the agreement in advance after applying for terminating the use of the newly added seats and obtaining the approval of the Exchange.
Article 11 If a member loses the membership of the Exchange, all the trading seats he owns will be terminated.
Article 12 Under any of the following circumstances, the Exchange may forcibly revoke the trading seats newly added by members:
(a) management confusion, serious violations of the law or verified has not met the conditions;
(2) Subcontracting, subletting or transferring trading seats without permission.
Article 13 After a member terminates the use of the trading seats on the floor, the use fee will not be refunded.
Article 14 If more than 65,438+00% members cannot trade normally due to the failure of trading facilities such as computer terminals and communication systems, the Exchange shall suspend trading until the failure is eliminated.