Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:5:p3
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 5 (pt 3/35)
Character Range: 307420–310841

Market Product is in the following price range:  Extreme Trade Range (cents or percentage away from Reference Price)
0.1–9.9 cents                                                                     > 10 cents
10–99.5 cents                                                                     > 30 cents
100–199.5 cents                                                                   > 50 cents
200–499 cents                                                                     > 50.0%
500–699 cents                                                                     > 40.0%
700–999 cents                                                                     > 35.0%
1000–1999 cents                                                                   > 30.0%
2000–4999 cents                                                                   > 25.0%
5000 cents                                                                        > 20.0%

(2) The Extreme Trade Range for a CGS Depository Interest means all prices which are greater than 20% away from the Reference Price for the CGS Depository Interest on the CGS Market.

8.2.2 Obligation on Responsible Market Operator to determine and notify Reference Price
(1) The Responsible Market Operator must determine a Reference Price for each Relevant Product after each Trading Reset, as follows:
(a)        if there is an Auction in the Relevant Product after the Trading Reset and before the first transaction after a Trading Reset, the price established by the Auction;
(b)       if:
(i)         the Responsible Market Operator determines, acting reasonably, that the price established by the Auction referred to in paragraph (a) is Invalid;
(ii)       the Auction referred to in paragraph (a) does not establish a price; or
(iii)     there is no Auction in the Relevant Product after the Trading Reset and before the first transaction after a Trading Reset,
the price of the first transaction after a Trading Reset; or
(c)        if paragraph (b) applies and the price of the first transaction after a Trading Reset is Invalid, a price determined by the Responsible Market Operator, acting reasonably, to be not Invalid.
(2) The Responsible Market Operator must, each time it determines a Reference Price for a Relevant Product in accordance with subrule (1), immediately:
(a)        use the Reference Price to determine the Extreme Trade Range for the Relevant Product in accordance with Rule 8.2.1, until the next Trading Reset for the Relevant Product; and
(b)       notify ASIC and, subject to subrules 9.2.1(1) and (6), the Operator of each other Market on which the Relevant Product is quoted, of the Reference Price for the Relevant Product.
(3) Subject to subrule (4), each Operator that receives a notification under paragraph (2)(b) must immediately use the Reference Price in the notification to determine the Extreme Trade Range for the Relevant Product in accordance with Rule 8.2.1, until it next receives a notification under paragraph (2)(b) in relation to the Relevant Product.
(4) An Operator that operates an Order Book for Relevant Products other than:
(a)        ASX TradeMatch (in the case of Equity Market Products admitted to quotation on the ASX Market);
(b)       the central Order Book of the Responsible Market Operator for CGS Depository Interests (in the case of CGS Depository Interests);
        (cb) the central order book of Chi-X (in the