Friday May 1 2015
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Australia
Link: https://www.asxonline.com/intradoc-cgi/groups/derivatives/documents/communications/asx_043440.pdf
ASX Market Participants and ASX Clear Participants are advised that Phase 2 of ASX Equity FlexClear™ is planned for go live on Monday 4 May 2015.
ASX Equity FlexClear™ is a flexible, secure and offsetting clearing service tailored for buy-side customers as an alternative to bi-lateral over-the-counter (OTC) options trading.
The planned Phase 2 launch of the service is intended to extend the offering by:
- Increasing the available list of option underlyings from 20 to more than 70.
- Increasing the maximum maturity date from 12 months to 3 years.
- Allowing expiry dates to be the same as listed ETO expiry dates
- Introduction of the ability to report contingent equity trades to manage delta exposure.
- Introduction of a new web portal for easier and more efficient trade reporting.
Click on the link above for further details.