9.1 Trading on the Exchange

¹ The Exchange distinguishes between on-order-book trading and off-order-book trading.

² A trade conducted via the order book shall be designated as an "on-exchange, on-order-book trade".

³ A trade made off-order-book that the participant reports to the Exchange in accordance with Clause 11 is designated as an "on-exchange, off-order-book trade". Such trades shall be subject to the provisions of this Rule Book.

⁴ An off-order-book trade that is not reported to the Exchange, but to a reporting office recognised by the Exchange or to a Trade Data Monitor (TDM), shall be designated as an "off-exchange trade". Such a trade is not subject to the provisions of this Rule Book.