7.6 Disclosure, Withdrawal and Withholding of Orders
7.6.1 A person subject to the Rules shall not withdraw or withhold a client’s order in whole or in part for his own benefit, the benefit of another person subject to the Rules, the benefit of another client or the benefit of a Member’s Representative. A person subject to the Rules shall not procure another person subject to the Rules to act in contravention of this Rule.
7.6.2 All orders must be shown in whole or in part to the Market immediately upon receipt subject to the provisions below.
7.6.3 In the case of orders to be shown on the Cleartrade Platform:
a. All orders intended for execution on the Exchange must be entered into the Cleartrade Platform upon receipt by the Member and designated as active unless:
b. the order gives the Member discretion as to the time when the order is to be displayed on the Cleartrade Platform, in which case such order must be entered immediately into the Cleartrade Platform but can be designated as inactive until the Member exercises its discretion when the order must immediately be shown on the Cleartrade Platform by being designated active;
i. the Member has discretion to vary the price of the order, in which case such order must be entered immediately and designated active. When the Member exercises its discretion in relation to the change, the order must be amended immediately;
ii. the order is subject to a condition which requires the Member to withhold the order in line with the client’s requirements, in which case the order must be entered immediately but can be designated inactive until the condition is met when it must immediately be shown on the Cleartrade Platform by being made active;
iii. the client has given the Broking Member instructions to work an order on an IoI basis.
c. Any order designated active in the Cleartrade Platform must be entered to show at least the minimum quantity as determined by the Directors from time to time.