Legal and compliance
Licencing
Under Australian law, a person requires an Australian Market Licence if they operate a financial market in Australia that has not been exempted from the operation of Part 7.2 of the Corporations Act.
Tradeweb Australia holds a domestic Australian Market Licence which commenced on 11 March 2004. The Licence authorises Tradeweb Australia to operate the following financial markets:
- Dealer & Client market
- Interdealer market
The licence also specifies the classes of financial products that can be dealt with on the markets. A copy of the Tradeweb Australia licence (and variations) can be accessed at the ASIC website – refer link below:
As a market licensee, Tradeweb Australia has a number of general obligations set out under s792A of the Corporations Act. On an annual basis, Tradeweb Australia is required to report to ASIC on the extent to which it has complied with those obligations (s792F). In addition, ASIC has the power under the Act (s794C) to assess how well a market licensee is complying with its license obligations.
Operating Rules
As the holder of an Australian Market Licence, Tradeweb Australia is required to have Operating Rules (s793A) that deal with the activities or conduct of the market or the activities or conduct of participants in relation to the market. In particular, the Operating Rules must ensure that the market is fair, orderly and transparent. The Operating Rules have effect as a contract under seal between Tradeweb Australia and each participant in the market and between a participant and each other participant in the market. If you are interested in becoming a participant in our market and would like to request a copy of our Operating Rules, please contact our Sales team on +61 2 9994 2890.
Tradeweb Australia Terms and Conditions
The Tradeweb Australia Terms and Conditions (“T&Cs”), along with the Tradeweb Australia Operating Rules, govern access to and use of Tradeweb Australia’s system and licenced markets.
- In order to participate in either the Dealer & Client market or Interdealer market operated by Tradeweb Australia, participants are required to accept the Tradeweb Australia T&Cs.
The T&Cs can be accessed through the Tradeweb Australia website and can be accepted
through click through acceptance.
Alternatively, please contact our Sales team on +61 2 9994 2890 if you are interested
in establishing a relationship with Tradeweb Australia.
Standard Pricing Schedule
The Tradeweb Australia Standard Pricing Schedule is incorporated by reference in the T&Cs and details the fees structure across all of the Tradeweb Australia products and markets.
Please contact our Sales team on +61 2 9994 2890 if you would like to discuss the Tradeweb Australia fee structure.