Rule 7 – Trading Rules
Summary of this Rule 7:
Rule 7 outlines the Trading rules of the Cleartrade Exchange. Specifically this Rule sets out the procedures for trading by members using the Cleartrade Platform and the Cleartrade Block Trading Facility, showing what is and what is not allowed. The Rule also deals with the validity of Contracts and specifies at which time a Contract becomes binding on the parties involved. Rule 7 outlines the rules on priority, withholding and disclosure of orders as well as the rules related to Indications of Interest Orders (IoI). In the event of a disaster, the Exchange may close access to the market for all Members, and implement a Telephone Trading market in which Members can communicate orders and trades to the Exchange by telephone, email or fax.