Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p71
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 188561–191629

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 Open Interface Device of the Trading Participant through which the Trading Message was submitted;
(f)        the DTR with responsibility for that Open Interface Device or computer or other device connected to the Open Interface Device (unless the Trading Message was the result of Automated Order Processing); and
(g)       whether the Trading Message was submitted on the Trading Participant's Own Account or for a client.

5.5.4 Trading management arrangements—Records

A Trading Participant must maintain records of the matters referred to in Rule 5.5.3, for a period of seven years from the date of the Trading Message to which the matters relate.

        Part 5.6 Automated Order Processing—Filters, conduct, and infrastructure

5.6.1 Responsible use of system for Automated Order Processing

A Trading Participant which uses its system for Automated Order Processing must at all times:
 1.         have appropriate automated filters, in relation to Automated Order Processing; and
(b)       ensure that such use does not interfere with:
 1.          the efficiency and integrity of a Market;
(ii)       the proper functioning of any Trading Platform; or
(iii)     the efficiency and integrity of any Crossing System operated by the Trading Participant.

5.6.2 Authorised Persons for Automated Client Order Processing
A Trading Participant which uses its system for Automated Client Order Processing must also have procedures in place to ensure that each Authorised Person has demonstrated to the Trading Participant knowledge of the order entry system of the Trading Participant and of the Dealing Rules, directions, decisions and requirements of the relevant Market operator relevant to the type of Order submission facilities given to the Authorised Person by the Trading Participant.

5.6.3 Automated Order Processing system requirements
(1) A Trading Participant which uses its system for Automated Order Processing must ensure that the system has in place:
 1.         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 a Trading Platform without interfering with the efficiency and integrity of the relevant Market or the proper functioning of that Trading Platform;
(b)       trading management arrangements, including having appropriate automated filters, filter parameters and processes to record any changes to the filters or filter parameters to enable the ready determination of the origin of all orders and trading messages;
(c)        security arrangements to monitor for and prevent unauthorised persons having access to a gateway or an Open Interface Device or to a computer or other device connected to an