Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p11
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 31117–34149

a buying or selling client on one side of that transaction and as Principal on the other side.

Crossing System means any automated service provided by a Market Participant which matches or executes client Orders with Orders of:

 1.         the Market Participant;

(b)       other clients of the Market Participant; or

(c)        any other person whose Orders access the automated service;

otherwise than on an Order Book.

Crossing System Initial Report has the meaning given by Rule 5A.1.1.

Crossing System Monthly Report has the meaning given by Rule 5A.1.2.

Cross-Market Combination means a transaction consisting of one or more component Market transactions and one or more transactions in contracts or financial products traded on other markets, in a specific ratio, in respect of which:

 1.         entry into each component Market transaction and each component transaction in a financial product traded on another market is contingent on entry into each of the other Market transactions and transactions in financial products traded on any market;

(b)       the combined transaction has a net price; and

(c)        each transaction is for the same client.
CSPA Session State means the session on a Trading Platform, known as the Closing Single Price Auction, during which the following parameters apply:
 1.         an Auction is conducted on commencement of the session;
(b)       no Bids and Offers may be entered, amended or cancelled in the Trading Platform;
(c)        Qualifying Bids and Offers that have not been matched in the Auction will be carried through to the next session In Price/Time Priority; and
(d)       no trades may be reported.
Dealing Rules means these Rules and the operating rules of a Market that govern the submission of Orders and the execution and reporting of Market transactions on the Trading Platform of the relevant Market.

Derivative/Cash Combination means a transaction consisting of one or more component Cash Market Transactions and one or more component Derivatives Market Transactions, in a specific ratio, in respect of which:
 1.         entry into each component Cash Market Transaction and each component Derivatives Market Transaction is contingent on entry into each other component Cash Market Transaction and Derivatives Market Transaction;
(b)       the combined transaction has a net price; and
(c)        each transaction is for the same client.
Derivatives Combination means a Derivatives Only Combination, a Derivative/Cash Combination or a Cross-Market Combination.

Derivatives Market Contract means a Futures Market Contract, an Options Market Contract and any other contract that a Market operator authorises for trading on its Trading Platform as a Derivatives Market Contract.
Derivatives Market Transaction means a transaction between Trading Participants for one or more Derivatives Market Contracts.
Derivatives Only Combination means a transaction which comprises at least two component Derivatives Market Transactions, in a specific ratio, in