3201/1 Any access granted by a Member which is an Investment Firm or Credit Institution to his Clients by way of an Automated Order Routing System or through Direct Electronic Access (including Sponsored Access) must be adequately controlled in accordance with the provisions of Chapter 8. In respect of access to the Euronext Markets, the Member must have in place effective systems and controls which ensure:
a) that his Clients cannot exceed pre-set trading and credit thresholds set by the Member;
b) that trading by those Clients is properly monitored; and
c) that appropriate risk controls are in place to prevent trading that could adversely affect the Member's compliance with the Euronext Rule Book, create or contribute to disorderly conditions on a Euronext Market or facilitate conduct that may involve market abuse or attempts at market abuse;
d) that a policy of the use of kill functionality is defined. The Member shall ensure that he can delete orders entered via Automated Order Rou
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