Document ID: chunk:federal_register_of_legislation:F2024C01109:reg:3
Version: federal_register_of_legislation:F2024C01109
Segment Type: reg
Provision Reference: reg 3
Character Range: 122130–123407

3     Operations           A description of the operation of the Crossing System, including but not limited to:
                             (a) how Orders are managed, including how prices are determined and cancellations are managed;
                             (b) details of any different treatment or arrangements for certain users or order types;
                             (c) the level of anonymity given to Orders, including whether indications of interest are allowed;
                             (d) the circumstances in which Orders of the Market Participant trading as Principal may interact with other Orders in the Crossing System, and the nature of those Principal Orders (for example, proprietary desk, facilitation, or market-maker);
                             (e) whether Orders of related bodies corporate of the operator enter the system, and if so, how conflicts arising because Orders of related bodies corporate enter the Crossing System, are managed;
                             (f) how any other conflicts of interest that may arise are managed; and
                             (g) if there are liquidity providers or market-makers whose Orders access the Crossing System, the commitments (if any) they may have and any benefits they receive.