Notice

Update – Allocation of Single Stock Option Classes to pricing tiers

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Notice reference number: 0561.21.05
Date published: 03/05/21
Effective as of: 31/05/21
Last updated: 03/05/21

ASX participants, vendors and users have previously been advised of a future change to ASX’s Single Stock option fee structure - namely a move to a tiered approach - for both ETOs and OTC (FlexClear™) option contracts.

This notice is to inform the market of the allocation of each option class to their respective pricing tier in readiness of the 31 May 2021 go-live

A summary of the future changes are below:

Proposed Fee

($ per contract)*

 

Large Volume Rebate

ETO Single Stock 1

$0.06

 

50% after $1300 threshold

ETO Single Stock 2

$0.10

 

50% after $1300 threshold

ETO Single Stock 3

$0.13

 

50% after $1300 threshold

ETO Single Stock 4

$0.21

 

50% after $1300 threshold

ETO Single Stock 5

$0.31

 

50% after $1300 threshold

OTC Single Stock 1

$0.05

 

100% after $1300 threshold

OTC Single Stock 2

$0.08

 

100% after $1300 threshold

OTC Single Stock 3

$0.10

 

100% after $1300 threshold

OTC Single Stock 4

$0.17

 

100% after $1300 threshold

OTC Single Stock 5

$0.25

 

100% after $1300 threshold

* Per contract fee of $0.00 applied if option price is 1c or lower.

Each underlying will be reviewed on a 6 monthly basis and allocated to 1 of the 5 fee tiers for the next 6 months. The exception to this is if there is a significant move in the underlying’s value caused by a corporate action or similar.

To date ASX has released a number of notices informing the market of the change. These can be viewed at: Notice 1015.20.08, Notice 1262.20.10, Notice 0092.21.01 and Notice 0416.21.04

 

The final allocation of option classes to pricing fee tiers for go-live on Monday 31 May 2021 is:

ASX Single Stock ETOs:

ASX Equity FlexClear™ options:

What do I need to do by when?

Participants and vendors should prepare to make the necessary changes to meet the 31 May 2021 go-live date.

If you have any questions regarding the change please contact your ASX TAM.

Need more information?

Issued by

Gregory Pill – Head of Equity Derivative Products

Contact information

Gregory Pill
+61 (02)  9227 0696
greg.pill@asx.com.au

Disclaimer