13.4.1
A Trading Member or a Trading Representative must not deal in securities or trade in futures contracts for his or her own account or for a Prescribed Person's account if the Trading Representative has an unexecuted order on the same terms from a customer. However, this Rule does not apply if:—
(1) the Trading Member or the Trading Representative does not have access to customer's order flow information while executing for his or her own account or for the Prescribed Person's account;
(2) the customer has prescribed that the order be executed under specified conditions and the Trading Member or Trading Representative is unable to execute the customer's order by reason of those conditions; or
(3) the transaction is entered into in prescribed circumstances.
Refer to Practice Note 13.4.1.
Amended on 1 July 20051 July 2005, 3 April 20083 April 2008 and 8 October 20188 October 2018.
13.4.2
In this Rule, "Prescribed Person" means:—
(1) the Trading Representative's Trading Member;
(2) a Director of the Trading Member;
(3) an Employee or a Trading Representative of the Trading Member;
(4) a person, a group of persons, a Corporation or a group of Corporations, or family trusts, whom the Trading Member, Director, employee or Trading Representative of the Trading Member is associated with or connected to.
Amended on 1 July 20051 July 2005.
13.4.3
In this Rule, "own account" means an account in which the Trading Member or the Trading Representative has a beneficial interest in.
Amended on 1 July 20051 July 2005.