Market operations

How the market is run: the end-of-day close price, pre-trade transparency and the Market Making Program Trial.

• Close Price Process (End Of Day) How the end-of-day process determines each asset's closing price from trades, the previous close and bids and offers.
• Pre-Trade Transparency Guidelines Our approach to pre-trade transparency and permitted matching discretion, including block, packaged, put through and broker managed trades.
• Market Making Program Trial The purpose, eligibility, obligations and rewards of the Market Making Program Trial that commenced on 1 July 2026.