On 12 August this year, ASIC announced (Media Release 13-213MR) that it had released a number of new and amended Market Integrity Rules (MIR’s) aimed at improving the integrity of dark liquidity crossing systems, along with HFT related enhancements to the MIR for market manipulation.  The new rules will come into force in stages through to May 2014.

Although the bulk of the media release and related rule changes focus on dark liquidity, arguably the change to the manipulation MIR will have a greater impact to compliance teams across a wider community of market participants.

In particular, many ASX 24 market […]