MDP Outcomes Register

MDP Outcomes Register

This register contains details of the outcomes of decisions of the MDP in relation to alleged breaches of the market integrity rules.

Details of matters where the MDP has decided that an infringement notice should be given will be published on the register. Such entries will usually be accompanied by a media release.

Where the MDP makes no adverse findings in relation to a matter, the register will include a summary of that finding, usually without disclosing the name of the market participant.

听

2024

Date	Market participant	Media release	Market integrity rule
25/09/2024	Macquarie Bank Limited	24-211MR	Future Markets 3.1.2(1)(b) -听False or misleading appearance
29/8/2024	CLSA Australia Pty Ltd	24-190MR	Securities Markets 3.4.1 鈥� Confirmations 6.3.1(2)(a)(i) 鈥� Reporting of transactions; and 7.4.2 鈥� Participant to provide regulatory data with Orders and Trade Reports 听
20/6/2024	Ascot Securities Pty Ltd	24-130MR	Securities Markets 2.1.3 - Supervisory procedures 5.5.2 - Organisational and technical resources 5.7.1(b)(iii) 鈥� Orders having a false or misleading appearance 5.11.1(b) 鈥� Notification of suspicious activity 听
8/5/2024	JP Morgan	24-093MR	Futures Markets 3.1.2(1)(b) 鈥� False and misleading appearance.

2023

Date	Market participant	Media release	Market integrity rule
6/12/2023	Instinet Australia Pty Ltd	23-328MR	Securities Markets 5A.2.2听Disclosure听requirements for Crossing Systems鈥擨nformation for users 6.1.1 Relevant听Participants to enter into transactions on Pre-Trade Transparent Order Book, subject to exceptions 7.4.2 Participant to provide Regulatory Data with Orders and Trade Reports
20/09/2023	Interactive Brokers Australia Pty Ltd	23-255MR	Securities Markets 5.5.2 鈥� Organisational and technical resources 5.7.1 (b)(iii) 鈥� Placing suspicious Orders
06/07/2023	Openmarkets Australia Limited	23-184MR	Securities Markets 2.1.3 鈥� Supervisory procedures 5.5.2 鈥� Organisational and technical resources 5.6.1 and 5.6.3 (1)(a) 鈥� Automated Order Processing 5.11.1 鈥� Notification of suspicious activity 5.7.1(b)(iii) 鈥� Placing suspicious Orders 2.1.5 鈥� Unprofessional conduct 3.5.9 and 3.5.10(d) 鈥� Reconciliation of trust accounts
22/06/2023	Morrison Securities Pty Ltd	23-165MR	Securities Markets 5.9.1 鈥� Market must remain fair and orderly
03/05/2023	Ord Minnett Limited Ltd	23-114MR	Securities Markets 3.3.1 鈥� Market Participant restrictions听鈥� client instructions 5.9.1 鈥� Market must remain fair and orderly
03/02/2023	Wilsons Advisory and Stockbroking Pty Limited	23-016MR	Securities Markets 6.1.1 - Orders must be transparent

2022

Date	Market participant	Media release	MDP outcome	Market integrity rule
07/09/2022	ABN AMRO Clearing Sydney Pty Ltd	22-245MR		Futures Markets 3.4.2: Prohibitions鈥� 3.4.2(1) 鈥� Aggregating Orders to meet Minimum Volume Thresholds. 听
18/01/2022	BGC Partners (Australia) Pty Ltd	22-002MR		Futures Markets 3.3.1A: Entry of orders

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

07/09/2022

ABN AMRO Clearing Sydney Pty Ltd

22-245MR

Futures Markets
3.4.2: Prohibitions鈥� 3.4.2(1) 鈥� Aggregating Orders to meet Minimum Volume Thresholds.

听

18/01/2022

BGC Partners (Australia) Pty Ltd

22-002MR

Futures Markets 3.3.1A: Entry of orders

2021

Date	Market participant	Media release	MDP outcome	Market integrity rule
22/06/2021	Life Trading Pty Ltd听	21-143MR		Futures Markets 2.2.8: Supervisory procedures 鈥� Supervision and risk management
18/05/2021	Macquarie Securities (Australia) Limited	21鈥�104惭搁		Securities Markets 3.3.1(b): Client instructions 鈥� Market Participant restrictions Securities Markets 5.9.1: Fair and Orderly Markets 鈥� Market must remain fair and orderly (no breach)

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

22/06/2021

Life Trading Pty Ltd听

21-143MR

Futures Markets 2.2.8: Supervisory procedures 鈥� Supervision and risk management

18/05/2021

Macquarie Securities (Australia) Limited

21鈥�104惭搁

Securities Markets 3.3.1(b): Client instructions 鈥� Market Participant restrictions

Securities Markets 5.9.1: Fair and Orderly Markets 鈥� Market must remain fair and orderly (no breach)

2020

Date	Market participant	Media release	MDP outcome	Market integrity rule
03/07/2020	Credit Suisse Equities (Australia) Limited	20-156MR		ASX Market 3.3.1(b): Client instructions 鈥� Market Participant restrictions Securities Markets 3.3.1(b): Client instructions 鈥� Market Participant restrictions

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

03/07/2020

Credit Suisse Equities (Australia) Limited

20-156MR

ASX Market

3.3.1(b): Client instructions 鈥� Market Participant restrictions

Securities Markets

3.3.1(b): Client instructions 鈥� Market Participant restrictions

2019

Date	Market participant	Media release	MDP outcome	Market integrity rule
08/08/2019	Finclear Execution Limited	19-207MR		Chi-X Market 3.3.1(b): Market Participant restrictions 5.5.2: Organisational and technical resources 5.9.1: Market must remain fair and orderly ASX Market 5.9.1: Market must remain fair and orderly Competition in Exchange Markets 3.1.1 (1): Best execution obligation鈥擝est outcome
03/06/2019	Macquarie Securities (Australia) Limited	19-125MR		Competition in Exchange Markets 5A.2.1:听Participant to provide Regulatory Data with Orders and Trade Reports Securities Markets 7.4.2:听Participant to provide Regulatory Data with Orders and Trade Reports

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

08/08/2019

Finclear Execution Limited

19-207MR

Chi-X Market

3.3.1(b): Market Participant restrictions
5.5.2: Organisational and technical resources
5.9.1: Market must remain fair and orderly

ASX Market

5.9.1: Market must remain fair and orderly

Competition in Exchange Markets

3.1.1 (1): Best execution obligation鈥擝est outcome

03/06/2019

Macquarie Securities (Australia) Limited

19-125MR

Competition in Exchange Markets

5A.2.1:听Participant to provide Regulatory Data with Orders and Trade Reports

Securities Markets

7.4.2:听Participant to provide Regulatory Data with Orders and Trade Reports

2018

Date	Market participant	Media release	MDP outcome	Market integrity rule
20/11/2018	UBS Securities Australia Ltd	18-349MR听		ASX Market 3.3.1(b): Market Participant restrictions
12/06/2018	Wilsons Advisory and Stockbroking Ltd	18-170MR		Competition in Exchange Markets 5A.2.1: Participant to provide Regulatory Data with Orders and Trade Reports

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

20/11/2018

UBS Securities Australia Ltd

18-349MR听

ASX Market

3.3.1(b):
Market Participant restrictions

12/06/2018

Wilsons Advisory and Stockbroking Ltd

18-170MR

Competition in Exchange Markets

5A.2.1: Participant to provide Regulatory Data with Orders and Trade Reports

2017

Date	Market participant	Media release	Market integrity rule
22/12/2017	Epoch Capital Pty Ltd	17-461MR	ASX 24 Market 3.1.2: False or misleading appearance
14/12/2017	Interactive Brokers LLC	17-432MR	Chi-X Market 5.5.2: Organisational and technical resources 5.7.1: False or misleading appearance
4/12/2017	Merrill Lynch Equities (Australia) Limited	17-416MR	Competition in Exchange Markets 3.1.1: Best execution obligation - Best outcome 4A.4.4: Opting out of Crossing Systems Chi-X Market 3.3.1: Market Participant restrictions 5.5.2: Organisational and technical resources (no breach)
16/11/2017	Bell Potter Securities Limited	17-387MR	ASX Market 5.7.1: False or misleading appearance 5.11.1: Notification requirement
28/09/2017	OpenMarkets Australia Ltd	17-327MR	ASX Market 5.5.2: Organisational and technical resources 5.6.1: Responsible use of system for Automated Order Processing Chi-X Market 5.6.1: Responsible use of system for Automated Order Processing
12/09/2017	Merrill Lynch (Australia) Futures Limited	17-311MR	ASX 24 Market Rule 2.2.1(1)(a), (b): Limits and connections銆赌 Rule 2.2.1(1)(c): Limits and connections (no breach) Rule 2.2.8: Supervisory procedures (no breach)
3/8/2017	Not disclosed	N/A	ASX Market 5.9.1: Market must remain fair and orderly (no breach)
23/6/2017	Macquarie Securities (Australia) Limited	17-198MR	Chi-X Market 5.5.2: Organisational and technical resources 5.6.1: Responsible use of system for Automated Order Processing 5.7.1: False or misleading appearance
15/6/2017	UBS Securities Australia Limited	17-185MR	MDP 06/17 ASX and Chi-X Market 3.4.1: Confirmations - Form and timing銆赌 Competition in Exchange Market 5A.2.1: Participant to provide Regulatory Data with Orders and Trade Reports銆赌 MDP 07/17銆赌 Competition in Exchange Market銆赌 4A.4.2: Fairness and priority in dealing銆赌 4A.5.1: Monitoring activities in a Crossing System
9/6/2017	Citigroup Global Markets Australia Pty Ltd	17-180MR	ASX 24 Market 3.1.7(1): Disclosure 3.1.10: Pre-arrangement 3.1.11: Trading to the exclusion of others
15/3/2017	Credit Suisse Equities (Australia) Limited听		ASX Market 5.6.1:听Responsible use of system for Automated Order Processing
23/2/2017	BGC Partners (Australia) Pty Limited	17-042MR	ASX 24 Market 3.3.1A: Entry of orders 3.3.2: Client authorisation
20/2/2017	Share Investing Limited	17鈥�035惭搁	ASX Market 5.7.1: False and misleading appearance
16/1/2017	Pershing Securities Australia Pty Ltd	17鈥�006惭搁	ASX Market 5.6.1: Responsible use of system for Automated Order Processing

2016

Date	Recipient	MDP circular	Market integrity rule
21听November 2016	State One Stockbroking Ltd	听	and ob体育 Market Integrity Rules (ASX Market) 2010听听
16 November 2016	Commonwealth Securities Limited		, , 听- ob体育 Market Integrity Rules (ASX听Market) 2010
7听September 2016	Morgan Stanley Australia Securities Limited		- ob体育 Market Integrity Rules (ASX 24 Market) 2011
2听September 2016	Commonwealth Securities Limited		and 听- ob体育 Market Integrity Rules (ASX Market) 2010 and - ob体育 Market Integrity Rules (ASX Market) 2010
28 June 2016	Macquarie Securities (Australia) Limited		and - ob体育 Market Integrity Rules (Chi-X Australia Market) 2011
20听May 2016	Credit Suisse Equities (Australia) Limited
28 April 2016	ABN AMRO Clearing Sydney Pty Ltd
13听April 2016	Deutsche Bank AG

2015

Date	Recipient	MDP circular	Infringement notice	Market integrity rule
10 December 2015	Macquarie Securities (Australia) Limited
10 December 2015	D2MX Pty Ltd
9 December 2015	Etrade Australia Securities Limited
9 December 2015	Australian Investment Exchange Limited
23 September 2015	D J Carmichael Pty Limited
14 May 2015	ICAP Futures (Australia) Pty Ltd
28 April 2015	FC Stone Australia Pty Ltd

2014

Date	Recipient	MDP circular	Infringement notice	Market integrity rule
27 October 2014	Commonwealth Securities Limited
27 October 2014	ABN AMRO Clearing Sydney Pty Ltd
23 September 2014	Etrade Australia Securities Limited
11 September 2014	BBY Limited
11 September 2014	Merrill Lynch Equities (Australia) Limited
1 September 2014	Goldman Sachs Australia Pty Ltd
1 September 2014 听	Taylor Collison Limited
4 August 2014	Credit Suisse AG
10 June 2014	Merrill Lynch Equities (Australia) Limited
6 May 2014	D2MX Pty Ltd
19 March 2014	Hartleys Limited
17 March 2014	Instinet Australia Pty Limited
17 March 2014	Commonwealth Securities Limited
31 January 2014	Pershing Securities Australia Pty Ltd
21 January 2014	Citigroup Global Markets Australia Pty Limited

2013

Date	Recipient	Market integrity rule
17 December 2013	Macquarie Bank Limited	MIR 2.2.6(a) of the ob体育 Market Integrity Rules (ASX 24 Market) 2010
30 October 2013	ABN AMRO Clearing Sydney Pty Ltd	MIR 5.6.1, 5.6.3 and 5.9.1 of the ob体育 Market Integrity Rules (ASX Market) 2010
22 October 2013	UBS Securities Australia Ltd	MIR 5.9.1 of the ob体育 Market Integrity Rules (ASX Market) 2010
8 August 2013	Instinet Australia Pty Limited	MIR 5.6.1(a) of the ob体育 Market Integrity Rules (ASX Market) 2010
19 July 2013	Euroz Securities Limited	MIR 5.9.1 of the ob体育 Market Integrity Rules (ASX Market) 2010
18 July 2013	UBS Securities Australia Limited	MIR 5.9.1 of the ob体育 Market Integrity Rules (ASX Market) 2010
12 July 2013	Credit Suisse Equities (Australia) Limited	MIR 5.6.3 and 5.9.1 of the ob体育 Market Integrity Rules (ASX Market) 2010
31 May 2013	Merrill Lynch Equities (Australia) Limited	MIR 5.6.3(a) of the ob体育 Market Integrity Rules (ASX Market) 2010
22 January 2013	Susquehanna Pacific Pty Ltd	MIR 5.6.1 of ob体育 Market Integrity Rules (ASX Market) 2010

听

2012

Date	Recipient	MDP circular	Infringement notice	Market integrity rule
11 December 2012	Euroz Securities Limited			MIR 6.6.1 of ob体育 Market Integrity Rules (ASX Market) 2010
4 December 2012	BGC Partners (Australia) Pty Limited			MIR 3.1.8 and MIR 3.1.11 of ob体育 Market Integrity Rules (ASX 24 Market) 2010
19 November 2012	J.P. Morgan Securities Australia Limited			MIR 6.6.1 of ob体育 Market Integrity Rules (ASX Market) 2010
15 October 2012	Barclays Bank PLC			MIR 2.2.6(d) of ob体育 Market Integrity Rules (ASX 24 Market) 2010
27 September 2012	Credit Suisse Equities (Australia) Limited			MIR 5.6.1 of ob体育 Market Integrity Rules (ASX Market) 2010
24 September 2012	Commonwealth Securities Ltd			MIR 5.5.2 of ob体育 Market Integrity Rules (ASX Market) 2010
27 August 2012	Citigroup Global Markets Australia Pty Ltd			MIR 5.9.1 of ob体育 Market Integrity Rules (ASX Market) 2010
28 May 2012	Commonwealth Securities Ltd			MIR 5.9.1 of ob体育 Market Integrity Rules (ASX Market) 2010
30 March 2012	Nomura Australia Limited			MIR 5.9.1 of ob体育 Market Integrity Rules (ASX Market) 2010
听	听	听	听	听

听

2011

Date	Recipient	MDP circular	Infringement notice	Market integrity rule
12 December 2011	Austock Securities Limited			MIR 5.9.1 of ob体育 Market Integrity Rules (ASX Market) 2010
30 September 2011	Patersons Securities Ltd			MIR 6.6.1 of ob体育 Market Integrity Rules (ASX Market) 2010

ob体育