Thursday June 16 2016

News Source: Global Exchanges

Focus: Listing Rules

Type: General




The Australian Exchange, ASX has announced that it is planning to amend ASX Operating Rules Procedure 4025(c) in order to increase the limits for requests for quotation (RFQ) that a trading participant can issue per class of options market contracts.

Analysis and informal discussions with participants suggests that it is appropriate to increase the level of what would be an excessive number of RFQs per class of options market contract from 3,500 to 6,000 per trading day. The proposed change will be effective from 16 June 2016.

For the purposes of Rule 4025(c), the guidelines concerning an excessive number of Quote Requests are:

(a)    Quote Requests for more than 30 Option Series in any 1 minute interval per Class of Options Market Contract; or

(b)   Quote Requests that exceed a total of 6000 per Class of Options Market Contract, per trading day.

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