Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p70
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 185979–188823

officer, employee or associated or related company of the other person or of the third party, as the case may be.
Market Participant's Commission in relation to the Orders means the dollar value of any payment received, or to be received, by the Market Participant (including commission received, or to be received, from a client of the other person) for the opportunity to handle or execute the Orders.
(3) Where a Market Participant directs an Order to another person (the other person) as a result of an arrangement for the Market Participant to direct Orders to the other person, the Market Participant must not, and must procure that its associates do not, indirectly or directly, accept a cash payment from the other person for directing Orders to the other person, if the cash payment is greater than the dollar value of any payment made, or to be made, by the Market Participant (including a payment made, or to be made, by a client of the Market Participant) to the other person, for directing the Orders to the other person.
(4) For the purposes of subrule (3), an associate of a Market Participant includes any director, officer, employee or associated or related company of the Market Participant.

Part 5.5 Participant's trading infrastructure

5.5.1 Knowledge of Trading Participant
If a Trading Message embedded with a Trading Participant's unique identifier is submitted in a Trading Platform the Trading Message is taken for all purposes under these Rules to have been submitted in the Trading Platform by or with the knowledge of the Trading Participant.

5.5.2 Organisational and technical resources
A Trading Participant must have and maintain the necessary organisational and technical resources to ensure that:
 1.         Trading Messages submitted by the Trading Participant do not interfere with:
        1.          the efficiency and integrity of a Market; or
(ii)       the proper functioning of a Trading Platform; and
(b)       the Trading Participant complies at all times with these Rules and the operating rules of all Markets of which it is a Trading Participant.

5.5.3 Trading management arrangements

A Trading Participant must have arrangements in place so that at all times the Trading Participant can determine the origin of all orders and Trading Messages, including:
 1.         the different stages of processing each order (regardless of whether a Trading Message is generated) and the time at which each stage of processing occurred;
(b)       the Order that corresponds to a Trading Message;
(c)        the identity and capacity of the person placing the Order that corresponds to the Trading Message;
(d)       whether the Trading Message was the result of Automated Order Processing;
(e)        the Open Interface Device and the computer or other device of the Trading Participant connected to an