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Appendix 5 Compliance Manager Undertaking, ___(the Compliance Manager) of ___(the Market Participant), a designated Market Participant of NIX, confirm to NIX that: I was appointed as the Compliance
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Price discovery is the process through which the price of an asset is determined in the market. It involves the interaction of buyers and sellers, where supply and demand dynamics come into play to establish the market price.
Typically, companies and entities that engage in transactions involving the asset in question are required to file price discovery reports, including brokers, traders, and market participants.
To fill out price discovery, one must provide accurate information about the asset, transaction details, market conditions, and participating entities, ensuring to comply with the regulatory requirements.
The purpose of price discovery is to provide transparency and fairness in pricing, ensuring that all market participants have access to relevant information that affects supply and demand.
Information that must be reported includes transaction prices, volumes, timestamps, buyer and seller details, and any relevant market conditions.
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