What does the market integrity clause of the rules regulate?

The market integrity clause of the rules is primarily concerned with maintaining a fair and transparent trading environment. This regulation specifically addresses the prohibition of misleading orders in the trading system, which is essential for preserving trust among market participants. Misleading orders can include practices such as spoofing or quote stuffing, where traders place orders with no intention of executing them, thereby manipulating the market and misleading other traders about the true supply and demand dynamics. By enforcing this clause, exchanges aim to ensure that all market participants can rely on the integrity of the order book and the signals it provides, thereby fostering a fair trading atmosphere where price movements reflect genuine market sentiment and not deceptive practices.

The other options, while relevant to different aspects of market operations, do not directly relate to the core focus of the market integrity clause.