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.

 

2023

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

6/12/2023 Instinet Australia Pty Ltd 23-328MR MDP06/23 Securities Markets

5A.2.2 Disclosure requirements for Crossing Systems—Information for users

6.1.1 Relevant 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

MDP05/23

Securities Markets

5.5.2 – Organisational and technical resources

5.7.1 (b)(iii) – Placing suspicious Orders

06/07/2023

Openmarkets Australia Limited

23-184MR

MDP04/23

Securities Markets

2.1.3 – Supervisory procedures

5.5.2 – Organisational and technical resources

5.6.1 and 5.6.3 (1)(a) – Automated Order Processing

5.11.1 – Notification of suspicious activity

5.7.1(b)(iii) – Placing suspicious Orders

2.1.5 – Unprofessional conduct

3.5.9 and 3.5.10(d) – Reconciliation of trust accounts

22/06/2023

Morrison Securities Pty Ltd

23-165MR

MDP03/23

Securities Markets

5.9.1 – Market must remain fair and orderly

03/05/2023

Ord Minnett Limited Ltd

23-114MR

MDP02/23

Securities Markets
3.3.1 – Market Participant restrictions – client instructions
5.9.1 – Market must remain fair and orderly

03/02/2023

Wilsons Advisory and Stockbroking Pty Limited

23-016MR

MDP01/23

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

MDP02/22

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

 

18/01/2022

BGC Partners (Australia) Pty Ltd

22-002MR

MDP01/22

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 

21-143MR

MDP02/21

Futures Markets 2.2.8: Supervisory procedures – Supervision and risk management

18/05/2021

Macquarie Securities (Australia) Limited

21‑104MR

MDP01/21

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

Securities Markets 5.9.1: Fair and Orderly Markets – 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

MDP01/20

ASX Market

3.3.1(b): Client instructions – Market Participant restrictions

Securities Markets

3.3.1(b): Client instructions – Market Participant restrictions

2019

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

08/08/2019

Finclear Execution Limited

19-207MR

MDP02/19

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—Best outcome

03/06/2019

Macquarie Securities (Australia) Limited

19-125MR

MDP01/19

Competition in Exchange Markets

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

Securities Markets

7.4.2: 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  MDP02/18

ASX Market

3.3.1(b):
Market Participant restrictions

12/06/2018

Wilsons Advisory and Stockbroking Ltd 18-170MR MDP01/18

Competition in Exchange Markets

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

2017

Date

Market
participant

Media
release

MDP
outcome

Market integrity rule

22/12/2017

Epoch Capital Pty Ltd 17-461MR MDP13/17

ASX 24 Market

3.1.2: False or misleading appearance

14/12/2017

Interactive Brokers LLC 17-432MR MDP12/17

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 MDP11/17 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 MDP10/17

ASX Market

5.7.1: False or misleading appearance

5.11.1: Notification requirement

28/09/2017

OpenMarkets Australia Ltd

17-327MR

MDP09/17

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

MDP08/17

ASX 24 Market

Rule 2.2.1(1)(a), (b):
Limits and connections 

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 Anonymised Circular 01/17 ASX Market

5.9.1:
Market must remain fair and orderly (no breach)

23/6/2017 Macquarie Securities (Australia) Limited 17-198MR MDP 805-16 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
MDP 07/17
MDP 06/17

ASX and Chi-X Market

3.4.1:
Confirmations - Form and timing 

Competition in Exchange Market

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


MDP 07/17 

Competition in Exchange Market 

4A.4.2:
Fairness and priority in dealing 

4A.5.1:
Monitoring activities in a Crossing System

9/6/2017 Citigroup Global Markets Australia Pty Ltd 17-180MR MDP05/17 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 

17-064MR

MDP04/17

ASX Market

5.6.1: 
Responsible use of system for Automated Order Processing

23/2/2017

BGC Partners (Australia) Pty Limited

17-042MR

MDP03/17

ASX 24 Market

3.3.1A:
Entry of orders

3.3.2
:
Client authorisation

20/2/2017

Share Investing Limited

17‑035MR

MDP02/17

ASX Market

5.7.1: False and misleading appearance

16/1/2017

Pershing Securities Australia Pty Ltd

17‑006MR

MDP01/17

ASX Market

5.6.1: Responsible use of system for Automated Order Processing

2016

Date

Recipient

MDP
circular

Infringement
notice

Market integrity rule

21 November 2016

State One Stockbroking Ltd

  MDP09/16 MIR 5.7.1(b)(iii) and 5.5.2(b)
ASIC Market Integrity Rules (ASX Market) 2010  

16 November 2016

Commonwealth Securities Limited

2016-08

MDP08/16

MIR 2.1.3, 3.3.1(b), 3.3.1(c) - ASIC Market Integrity Rules (ASX Market) 2010

7 September 2016

Morgan Stanley Australia Securities Limited

2016-07

MDP07/16

MIR 2.3.3(1), (2), (3)(f), (3)(g) and (4), 2.3.5, 2.3.2(2) - ASIC Market Integrity Rules (ASX 24 Market) 2011

2 September 2016

Commonwealth Securities Limited

2016-06
2016-05

MDP06/16
MDP05/16

MIR 3.2.3 and MIR 3.4.1(3)(f) and Chi-X MIR 3.4.1(3)(f) - ASIC Market Integrity Rules (ASX Market) 2010 and MIR 5.5.2 - ASIC Market Integrity Rules (ASX Market) 2010

28 June 2016

Macquarie Securities (Australia) Limited

2016-04

MDP04/16

MIR 5.6.1 and MIR 5.9.1 - ASIC Market Integrity Rules (Chi-X Australia Market) 2011

20 May 2016

Credit Suisse Equities (Australia) Limited

2016-03

MDP03/16

MIR 5.6.1 - ASIC market integrity rules (ASX Market) 2010

28 April 2016

ABN AMRO Clearing Sydney Pty Ltd

2016-02

MDP02/16

MIR 3.3.1A - ASIC market integrity rules (ASX 24 Market) 2010

13 April 2016

Deutsche Bank AG

2016-01

MDP01/16

MIR 3.3.1A - ASIC market integrity rules (ASX 24 Market) 2010

2015

Date

Recipient

MDP
circular

Infringement
notice

Market integrity rule

10 December 2015

Macquarie Securities (Australia) Limited

2015-07

MDP7/15

MIR 2.5.3 - ASIC market integrity rules (ASX Market) 2010

10 December 2015

D2MX Pty Ltd

2015-06

MDP6/15

MIR 5.6.3(a) and MIR 5.9.1 - ASIC market integrity rules (ASX Market) 2010

9 December 2015

Etrade Australia Securities Limited

2015-05

MDP5/15

MIR 5.9.1 - ASIC market integrity rules (ASX Market) 2010

9 December 2015

Australian Investment Exchange Limited

2015-04

MDP4/15

MIR 5.6.3(a) and MIR 5.9.1 - ASIC Market Integrity Rules (ASX Market) 2010

23 September 2015

D J Carmichael Pty Limited

2015-03

MDP3/15

MIR 5.7.1(b)(i) - ASIC Market Integrity Rules (ASX Market) 2010

14 May 2015

ICAP Futures (Australia) Pty Ltd

2015-02

MDP2/15

MIR 3.1.11 and 3.3.1A(1) of the ASIC Market Integrity Rules (ASX 24 Market) 2010

28 April 2015

FC Stone Australia Pty Ltd

2015-01

MDP1/15

MIR 2.2.1(1)(b), MIR 2.3.2, MIR 2.3.3(2), MIR 2.3.4(a) and MIR 6.2.1(6) of the ASIC Market Integrity Rules (ASX 24 Market) 2010

2014

Date

Recipient

MDP
circular

Infringement
notice

Market integrity rule

27 October 2014

Commonwealth Securities Limited

2014-15

MDP15/14

MIR 4.3.2 of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011

27 October 2014

ABN AMRO Clearing Sydney Pty Ltd

2014-14

MDP14/14

MIR 2.2.1(1)(b) of the ASIC Market Integrity Rules (ASX 24 Market) 2010

23 September 2014

Etrade Australia Securities Limited

2014-13

MDP13/14

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

11 September 2014

BBY Limited

2014-12

MDP12/14

MIR 5.6.3(a) of the ASIC Market Integrity Rules (ASX Market) 2010

11 September 2014

Merrill Lynch Equities (Australia) Limited

2014-11

MDP11/14

MIR 5.6.1 and 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

1 September 2014

Goldman Sachs Australia Pty Ltd

2014-10

MDP10/14

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

1 September 2014

 

Taylor Collison Limited

2014-09

MDP09/14

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

4 August 2014

Credit Suisse AG

2014-08

MDP08/14

MIR 2.2.4(3), 3.1.17(1) and 3.1.13(1)(b) of the ASIC Market Integrity Rules (ASX 24 Market) 2010

10 June 2014

Merrill Lynch Equities (Australia) Limited

2014-07

MDP07/14

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

6 May 2014

D2MX Pty Ltd

2014-06

MDP06/14

MIR 5.6.3(a) and 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

19 March 2014

Hartleys Limited

2014-05

MDP05/14

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

17 March 2014

Instinet Australia Pty Limited

2014-04

MDP04/14

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

17 March 2014

Commonwealth Securities Limited

2014-03

MDP03/14

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

31 January 2014

Pershing Securities Australia Pty Ltd

2014-02

MDP02/14

MIR 3.4.1(1) of the ASIC Market Integrity Rules (ASX Market) 2010

21 January 2014

Citigroup Global Markets Australia Pty Limited

2014-01

MDP01/14

MIR 2.2.1(1)(b) of the ASIC Market Integrity Rules (ASX 24 Market) 2010

2013

Date

Recipient

MDP
circular

Infringement
notice

Market integrity rule

17 December 2013

Macquarie Bank Limited

2013-09

MDP09/13

MIR 2.2.6(a) of the ASIC Market Integrity Rules (ASX 24 Market) 2010

30 October 2013

ABN AMRO Clearing Sydney Pty Ltd

2013-08

MDP08/13

MIR 5.6.1, 5.6.3 and 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

22 October 2013

UBS Securities Australia Ltd

2013-07

MDP07/13

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

8 August 2013

Instinet Australia Pty Limited

2013-06

MDP06/13

MIR 5.6.1(a) of the ASIC Market Integrity Rules (ASX Market) 2010

19 July 2013

Euroz Securities Limited

2013-05

MDP05/13

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

18 July 2013

UBS Securities Australia Limited

2013-04

MDP04/13

MIR 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

12 July 2013

Credit Suisse Equities (Australia) Limited

2013-03

MDP03/13

MIR 5.6.3 and 5.9.1 of the ASIC Market Integrity Rules (ASX Market) 2010

31 May 2013

Merrill Lynch Equities (Australia) Limited

2013-02

MDP02/13

MIR 5.6.3(a) of the ASIC Market Integrity Rules (ASX Market) 2010

22 January 2013

Susquehanna Pacific Pty Ltd

2013-01

MDP01/13

MIR 5.6.1 of ASIC Market Integrity Rules (ASX Market) 2010

 

2012

Date

Recipient

MDP
circular

Infringement
notice

Market integrity rule

11 December 2012

Euroz Securities Limited

2012-09

MDP09/12

MIR 6.6.1 of ASIC Market Integrity Rules (ASX Market) 2010

4 December 2012

BGC Partners (Australia) Pty Limited

2012-08

MDP08/12

MIR 3.1.8 and MIR 3.1.11 of ASIC Market Integrity Rules (ASX 24 Market) 2010

19 November 2012

J.P. Morgan Securities Australia Limited

2012-07

MDP07/12

MIR 6.6.1 of ASIC Market Integrity Rules (ASX Market) 2010

15 October 2012

Barclays Bank PLC

2012-06

MDP06/12

MIR 2.2.6(d) of ASIC Market Integrity Rules (ASX 24 Market) 2010

27 September 2012

Credit Suisse Equities (Australia) Limited

2012-05

MDP05/12

MIR 5.6.1 of ASIC Market Integrity Rules (ASX Market) 2010

24 September 2012

Commonwealth Securities Ltd

2012-04

MDP04/12

MIR 5.5.2 of ASIC Market Integrity Rules (ASX Market) 2010

27 August 2012

Citigroup Global Markets Australia Pty Ltd

2012-03

MDP03/12

MIR 5.9.1 of ASIC Market Integrity Rules (ASX Market) 2010

28 May 2012

Commonwealth Securities Ltd

2012-02

MDP02/12

MIR 5.9.1 of ASIC Market Integrity Rules (ASX Market) 2010

30 March 2012

Nomura Australia Limited

2012-01

MDP01/12

MIR 5.9.1 of ASIC Market Integrity Rules (ASX Market) 2010

         

 

2011

Date

Recipient

MDP
circular

Infringement
notice

Market integrity rule

12 December 2011

Austock Securities Limited

2011-02

MDP02/11

MIR 5.9.1 of ASIC Market Integrity Rules (ASX Market) 2010

30 September 2011

Patersons Securities Ltd

2011-01

MDP01/11

MIR 6.6.1 of ASIC Market Integrity Rules (ASX Market) 2010

Last updated: 05/12/2023 11:03