Which statement regarding access to the trading system is correct?

The statement that admitted traders obtain personal user IDs is correct because the trading system requires that each trader has their own unique access credentials. This is essential for several reasons, including security, accountability, and compliance with regulations. Each trader's actions can be tracked through their personal user ID, which helps maintain the integrity of the trading environment and ensures that only authorized individuals can execute trades.

This system also discourages the sharing of credentials, as sharing user IDs would undermine the security measures in place and create challenges in monitoring trading activity. Each trader needs their own ID to ensure that they take responsibility for their trades and any decisions made during trading hours.

In contrast, sharing user IDs would pose significant risks to both security and regulatory compliance. Access codes typically require proper authorization, and tools like EXAMS are usually prerequisites for trading access, ensuring that traders are adequately prepared for the responsibilities they will undertake.