ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 20105.5.4 Trading management arrangements—RecordsA Trading Participant must maintain records of the matters referred to in Rule 5.5.3, for aperiod of 7 years from the date of the Trading Message to which the matters relate.Maximum penalty: $100,000Part 5.6 Automated Order Processing—Filters, conduct, andinfrastructure5.6.1 Responsible use of system for Automated Order ProcessingA Trading Participant which uses its system for Automated Order Processing must at alltimes:(a)(b)have appropriate automated filters, in relation to Automated Order Processing; andensure that such use does not interfere with:(i)(ii)the efficiency and integrity of the Market; orthe proper functioning of any Trading Platform.Maximum penalty: $1,000,0005.6.2 Authorised Persons for Automated Client Order ProcessingA Trading Participant which uses its system for Automated Client Order Processing mustalso have procedures in place to ensure that each Authorised Person has demonstrated to theTrading Participant knowledge of the order entry system of the Trading Participant and ofthe Dealing Rules, directions, decisions and requirements of the Market Operator relevant tothe type of order submission facilities given to the Authorised Person by the TradingParticipant.Maximum penalty: $1,000,0005.6.3 Automated Order Processing system requirementsA Trading Participant which uses its system for Automated Order Processing must ensurethat the system has in place:(a)organisational and technical resources, including having appropriate automated filters,filter parameters and processes to record any changes to the filters or filter parameters,to enable Trading Messages to be submitted into the Trading Platform withoutinterfering with the efficiency and integrity of the Market or the proper functioning ofthe Trading Platform;Copyright Australian Securities and Investments Commission. Reproduced with permission.