Part 4The Market operator

Chapter 4: The Market operator

Part 4.1 Provision of surveillance and supervision data by the Market operator

4.1.1 Data provision to assist surveillance of activities and conduct on the Market

(1) Data to assist surveillance of activities and conduct on a Market

A Market operator must deliver to ASIC, or to a service provider nominated by ASIC and notified to the operator in accordance with Rule 4.1.2, all data items as generated on or by its Trading Platform, being:

(a) Order price and volume entries;
(b) Order modifications;
(c) Order cancellations;
(d) trade price and volume entries;
(e) trade type;
(f) “Firm ID” and “Trader ID” code or other broker number and identifier code, where available; and
(g) information as containing details of the Contracts traded through the Market operator’s Trading Platform, being:
  (i) contract codes;
  (ii) time stamps on all Order entries, trades, amendments, cancellations and deletions;
  (iii) unique order and deal (or trade) identifier data;
  (iv) Order type;
  (v) Order characteristics; and
  (vi) such additional data items or fields notified by ASIC to the Market operator under Rule 4.1.2 and which are generated on or by the Market operator’s Trading Platform, but a Market operator is not required to provide those additional data items or fields unless they are generated on or by the Market operator’s Trading Platform.

(1A) A Market operator must keep records of all data items referred to in subrule (1) for a period of seven years.

(2) Format requirements

The data required by subrule (1) must be in such format as ASIC notifies the Market operator in accordance with Rule 4.1.2.

(3) Delivery requirements

The data required by subrule (1) must be delivered by a Market operator to ASIC or its nominated service provider in a manner and/or to a location notified by ASIC to the Market operator in accordance with Rule 4.1.2.

4.1.2 Notification

A notification by ASIC to a Market operator of:

(a) a service provider nominated under subrule 4.1.1(1);
(b) additional data items or fields under subparagraph 4.1.1(1)(g)(vi);
(c) format under subrule 4.1.1(2); or
(d) a manner and/or location of delivery under subrule 4.1.1(3),

must be in writing and allow the Market operator a reasonable period to comply.

Part 4.2 Provision of information about Market Participants

4.2.1 Market operators to maintain records about Participants

A Market operator must maintain the information specified below about each Participant of its Market and advise ASIC in writing of any changes which are made to the information (including any changes resulting from the admission of new Market Participants) within two business days of the change being made: