Duties and Responsibilities of Participants

Each Participant shall, and shall cause its Authorized Users to:

1. access the Exchange in a responsible manner and not for any improper purpose;

2. access the Exchange only to conduct business that is subject to the Rules and the Requirements and in a manner consistent with the Rules and the Requirements;

3. comply with the Rules and the Exchange Requirements and act in a manner consistent with the Rules and the Requirements;

4. comply with the rules of the Clearinghouse that accepts for clearing a Contract traded by the Participant on the Exchange, to the extent applicable to such Participant and such Contract;

5. observe high standards of integrity, market conduct, commercial honor, fair dealing, and just and equitable principles of trade while conducting or seeking to conduct any business connected with or concerning the Exchange;

6. not knowingly mislead or conceal any material fact or matter in any dealings or filings with the Exchange or in connection with a Disciplinary Action;

7. cooperate promptly and fully with the Exchange in any investigation, inquiry, audit, examination or proceeding regarding compliance with the Rules or any Disciplinary Action or arbitration;

8. comply with any order issued by the Exchange;

9. employ practices to monitor and enforce compliance with risk limits;

10. keep all User IDs, account numbers and passwords related to the Exchange confidential;

11. keep, or cause to be kept, complete and accurate books and records, including, without limitation, all books and records required to be maintained pursuant to the Applicable Law, for at least five (5) years, and make such books and records available for inspection by a representative of the Exchange, the CFTC or the U.S. Department of Justice; and

12. operate electronic trading systems and conduct activity on the Exchange in a manner that is reasonably intended to prevent, detect, and mitigate market disruptions or system anomalies associated with electronic trading.

In addition to the requirements of Rule 305.1, each Participant shall employ practices to monitor and enforce compliance with its internal risk limits and shall be responsible for all Orders and Transactions effected on the Exchange by or for the account of such Participant, its Authorized Users or by any Person using its or their User IDs.