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Are participants required to adhere to standard disclosure/pre-arrangement/withholding business rules when executing a Block Trade?

April 26, 2017adhere Business disclosure executing participants pre-arrangement rules standard withholding

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Are participants required to adhere to standard disclosure/pre-arrangement/withholding business rules when executing a Block Trade?

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No. All trades executed pursuant to the Trading Rules for Block Trades will be deemed to have been made in accordance with the standard contractual and clearing structures of the market. However, Participants should note that the prohibitions under Trading Rules TR.17.1©(v) (Withholding in Order to Cross), TR.18 (Disclosure of Information) and TR.19 (Prearrangement), will not apply to transactions executed pursuant to the Trading Rules for Block Trades.