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Notice
Market Participants are advised of the following changes to the ASX 24 Operating Rules Procedures:
Australian Electricity Futures and Options Contracts – Block Trade Minimum Threshold Exemption
The minimum threshold for block trades in Australian Electricity Futures Contracts and Australian Electricity Options Contracts is 25 lots. An exemption will be introduced to allow delta hedged option trading strategies to be reported as a multi-leg block trade where the Options Contract(s) meet the minimum threshold but the Futures Contract providing the hedge does not. In particular, where a multi leg block trade consisting of an Australian Electricity Futures Contract and one or more Australian Electricity Options Contract(s) is reported to the Exchange, and the Market Operator determines that the Futures Contract is a reasonable hedge of the Options Contracts(s), then the minimum threshold for that Futures Contract will be 1 lot.
New Zealand 90 Day Bank Bill Futures Contracts – Change to Block Trade Registration Time
The required registration time for block trades in New Zealand 90 Bank Bill Futures Contracts will be changed from NZST to AEST. This change will harmonise the registration time for block trades in all New Zealand interest rate contracts on the ASX24 market to AEST.
The relevant changes to the ASX 24 Operating Rules Procedures will take effect on 15 November 2021 and can be viewed here.
What do I need to do by when?
ASX 24 Trading Participants should advise customers of the changes to the block trade requirements for Australian Electricity Futures and Options Contracts and New Zealand 90 Day Bank Bill Futures Contracts.
Need more information?
Issued by
Bradley Campbell
General Manager Commodities and Equities
Kristye Van de Geer
Senior Manager Interest Rates Products