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Notice
On Monday 19 November 2018, ASX will introduce the ability for Participants to enter Block size SPI option transactions via ASX TradeAccept.
The minimum lot size to Block trade report SPI options is 200 contracts per individual series. For transactions less than the 200 lots or as part of a UDC (User Defined Combination) the current on-screen crossing mechanism will need to be adhered to.
ASX will monitor the Block size requirement of 200 lots, semi-annually, to determine if the level is appropriate.
To effect the introduction of SPI option Block transactions the following will be added to ASX24 Operating Rules.
Procedure 4820 – Block Trades
For the purposes of Rule [4820] the Market Operator has prescribed the following Derivatives Market Contracts and conditions for the Block Trade Facility:
SPI 200 Options Contract |
All |
Block trades may be agreed during the contract’s day session and up to 10 minutes after the close of the day session. Electronic registration must be completed within 10 minutes of agreement between the parties. |
Block trades may be agreed during the contract’s night session and up to 10 minutes after the close of the night session. Electronic registration must be completed on the next Business Day between 8:30am and 9:30am AEST. |
200 lots |
0.1 |
What do I need to do by when?
Participants should make sure they have the appropriate user licenses in place to use ASX TradeAccept and determine appropriate internal processes are in place to facilitate usage.
Need more information?
Issued by
Gregory Pill – Manager, Equity Derivatives
Contact information
Gregory Pill
+61 (02) 9227 0696
greg.pill@asx.com.au