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Determinations/Other as made
This instrument determines the execution venue code for identifying a market, for the purposes of subrules 3.4.3(4), 6.3.6A(4) and 7.4.4(3) of the ASIC Market Integrity Rules (Securities Markets) 2017 (the Rules); the code for identifying a Crossing System, for the purposes of subrules 3.4.3(4), 5A.2.1(5), 6.3.6A(4) and 7.4.4(3) of the Rules; the notation referred to in item 2 (Capacity of Participant) of the table in Rule 7.4.4 for identifying that for an order or transaction the Participant is acting as Principal, as agent for a client or as both Principal and as agent for a client, for the purposes of subrule 7.4.4(3) of the Rules; and the notation referred to in item 5 (Directed wholesale indicator) of the table in rule 7.4.4 for indicating in relation to an order or transaction whether paragraphs (a) and (b) of item 5 are satisfied, for the purposes of subrule 7.4.4(3) of the Rules. It also maintains the existing policy settings under the Pre-Existing Market Integrity Rules by replicating the determinations made under those rules.
Administered by: Treasury
Made 01 May 2018
Registered 02 May 2018
Tabled HR 08 May 2018
Tabled Senate 08 May 2018
Table of contents.

Commonwealth Coat of Arms and ASIC logo

ASIC Market Integrity Rules (Securities Markets) Determination 2018/314

I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date    1 May 2018

 

 

 

 

Anthony Graham

 



Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Market Integrity Rules (Securities Markets) Determination 2018/314.

2        Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note:    The register may be accessed at www.legislation.gov.au.

3        Authority

This instrument is made under subrules 3.4.3(4), 5A.2.1(5), 6.3.6A(4) and 7.4.4(3) of the ASIC Market Integrity Rules (Securities Markets) 2017 (Rules). 

4        Interpretation

(1)     In this instrument, unless the contrary intention appears, capitalised terms have the same meaning as in the Rules.

(2)     In this instrument, ASX Centre Point means the Order Book maintained by or on behalf of ASX and known as ASX Centre Point.


Part 2—Determination

5        Market identifier codes

For the purposes of subrules 3.4.3(4), 6.3.6A(4) and 7.4.4(3) (as that subrule relates to item 1 (Execution venue) of the table in Rule 7.4.4) of the Rules:

(a)     the code for identifying ASX TradeMatch is ASXT; and

(b)     the code for identifying ASX Centre Point is ASXC; and

(c)     the code for identifying the Chi-X Market is CHIA.

6        Crossing System codes

          For the purposes of subrules 3.4.3(4), 5A.2.1(5), 6.3.6A(4) and 7.4.4(3) (as that subrule relates to item 1 (Execution venue) of the table in Rule 7.4.4) of the Rules, the code for identifying a Crossing System described in columns 2 and 3 of the table in Schedule 1 is the code specified in column 4 of the table.

Note:    The execution venue for a Crossing is the Crossing System on which the Crossing is matched or executed.

7        Capacity of Participant

          For the purposes of subrule 7.4.4(3) of the Rules, the notation referred to in item 2 (Capacity of Participant) of the table in Rule 7.4.4 for identifying that in relation to an order or transaction the Participant is acting:

(a)     as Principal—is “P”; and

(b)     as agent for a client—is “A”; and

(c)     as both Principal and agent for a client—is “M”.

8        Directed wholesale indicator

          For the purposes of subrule 7.4.4(3) of the Rules, the notation referred to in item 5 (Directed wholesale indicator) of the table in Rule 7.4.4 for indicating in relation to an order or transaction that:

(a)     paragraphs (a) and (b) of item 5 are both satisfied— is “Y”; and

(b)     paragraphs (a) and (b) of item 5 are not both satisfied—is “N”.

 


Schedule 1—Crossing System codes

Crossing System codes

Column 1

Column 2

Column 3

Column 4

Item

Operator of Crossing System

Crossing System name

Code

1

Best Ex Pty Ltd

Block Event

2011

2

Citigroup Global Markets Australia Pty Ltd

Citi Match

2032

3

CLSA Australia Pty Ltd

Crossing Engine

2311

4

Credit Suisse Equities (Australia) Limited

CrossFinder

1101

5

Deutsche Securities Australia Limited

SuperX

2102

6

Goldman Sachs Australia Pty Ltd

Sigma X Australia

3611

7

Instinet Australia Pty Limited

BLX Australia

2171

8

ITG Australia Limited

POSIT

3451

9

J.P. Morgan Securities Australia Limited

JPM-X

2972

10

Liquidnet Australia Pty Ltd

[unnamed]

9991

11

Macquarie Securities (Australia) Limited

MAQX

1561

12

Macquarie Securities (Australia) Limited

MACB

1562

13

Morgan Stanley Australia Securities Limited

MS POOL

2991

14

State One Stock Broking Ltd

SOSL 1

6781

15

UBS Securities Australia Limited

UBS PIN

1501