Examples of MarketAxess SEF in a sentence
As soon as reasonably practicable after withdrawing access, the MarketAxess SEF will confirm that such access has been withdrawn.
On the MarketAxess SEF Trading System, a Participant may knowingly trade against a Customer Order for its own account, an account in which it has a direct or indirect financial interest, an account over which it has discretionary trading authority or a Proprietary Account of its employer, only if the Customer Order has been entered immediately upon receipt and has first been exposed on the MarketAxess SEF Trading System for a minimum of 15 seconds.
Wash Sales Prohibited No Person shall place or accept buy and sell Orders in the same MarketAxess SEF Swap where the person knows or reasonably should know that the purpose of the Orders is to avoid taking a bona fide market position exposed to market risk (transactions commonly known or referred to as wash sales).
The MarketAxess SEF and any Director, Officer, member of any committee or panel established by the Board, employee or agent shall not use or disclose for any purpose other than the performance of his or her official duties and responsibilities any material, non-public information obtained in connection with the MarketAxess SEF's regulatory obligations.
No Director, Officer, committee or panel member, employee or agent shall, directly or indirectly, disclose or use at any time, either during his or her association with the MarketAxess SEF or thereafter, any material, non-public information of which he or she becomes aware.
An Order meeting the aforementioned conditions and allowing for price and/or time discretion, if not entered immediately upon receipt, may be knowingly entered opposite another Order entered by the same firm only if the other Order has been entered immediately upon receipt and has been exposed on the MarketAxess SEF Trading System for a minimum of 15 seconds.
The MarketAxess SEF shall retain ultimate decision-making authority with respect to any functions that are contracted to a Regulatory Services Provider and document where the MarketAxess SEF's actions differ from the Regulatory Service Provider's recommendation, including the reasons for the course of action recommended by the Regulatory Service Provider and the reasons why the MarketAxess SEF chose a different course of action.
A Participant may only report an execution that has been effected through the MarketAxess SEF Trading System or has been executed under Chapter 6.
Disclosing Orders Prohibited No Participant shall disclose another Customer’s Order to buy or sell except to a designated MarketAxess SEF Official or the CFTC, and no Participant shall solicit or induce another Participant to disclose Order information.
Simultaneous Buy And Sell Orders For Different Beneficial Owners On the MarketAxess SEF Trading System, opposite Orders for different beneficial owners that are simultaneously placed by a Participant with discretion over both accounts may be entered into the MarketAxess SEF Trading System.