Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p77
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 204868–207693

with other Orders which appear to make up the series, the Order or the series is unusual having regard to the matters referred to in this Rule 5.7.2;
(g)       whether there appears to be a legitimate commercial reason for that person placing the Order, unrelated to an intention to create a false or misleading appearance of active trading in or with respect to the market for, or price of, any financial product;
(h)       whether the transaction, bid or offer the execution of which is proposed will involve no change of beneficial ownership;
(i)         the frequency with which Orders are placed by a person;
(j)         the volume of financial products the subject of each Order placed by a person; and
(k)       the extent to which a person amends or cancels an instruction to purchase or sell a financial product relative to the number of transactions executed for that person.

5.7.3 Obligations apply to Automated Order Processing

A Market Participant must also comply with this Part 5.7 in respect of Orders the subject of Automated Order Processing.

Part 5.9 Fair and orderly markets

5.9.1 Market must remain fair and orderly

A Market Participant must not do anything which results in a market for a financial product not being both fair and orderly, or fail to do anything where that failure has that effect.

5.9.2 Representative must be available

A Trading Participant must ensure that a Representative of the Trading Participant is available to receive communications from other Trading Participants of the relevant Market or from the operator of the relevant Market during the following times on a Trading Day:
 1.         for a Market that operates an Open Session State and a CSPA Session State:
        1.          in relation to Cash Market Products—from the beginning of Open Session State until the end of CSPA Session State;
(ii)       in relation to Options Market Contracts—during Open Session State;
(b)       for a Market that does not operate an Open Session State and a CSPA Session State but operates a Continuous Trading Period and a Post-Trading Administration Period—from the beginning of the Continuous Trading Period until the end of the Post-Trading Administration Period;
(c)        for a Market that does not operate the session states or periods referred to in paragraphs (a) or (b)—during Trading Hours;

unless otherwise determined in writing by ASIC and notified to the Trading Participant.

5.9.3 Must not take advantage of breakdown or malfunction
A Market Participant must not take advantage of a situation arising as a result of a breakdown or malfunction in any Market operator's procedures or systems or an error in any Trading Message submitted by the relevant Market operator.

Part 5.9A Trading Suspensions

5.9A.1 Prohibition on trading during Trading Suspensions
(1)