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Notice
ASX participants and end users of Equity Option contracts are notified of changes being made to rules and fees with respect to Equity Option contracts.
After market consultation, ASX will make the following changes with the effective date of Monday 19 February 2024:
- Align the LEPO (Low Exercise Price Option) range calculation for ECR (Extreme Cancellation Ranges) with that of standard Equity Option contracts. Currently, LEPOs are aligned to the underlying cash equity product.
- Change the ECR calculation for Cash/Derivative TMC (Tailor Made Combination) so that the cash component of the TMC is ignored when setting the higher and lower limits of the range.
- Change the fee associated with an ECR breach from a set $1500 amount to the lower of the trade value error (as determined by ASX) or $1500.
Please find the link below to the marked-up changes of the ASX Operating Rules going live on 19 Feb 2024.
What do I need to do by when?
Participants and vendors should prepare to make any necessary changes to meet the 19 February 2024 go-live date.
If you have any questions relating to the changes, please contact Gregory Pill.
Need more information?
Issued by
Gregory Pill – Head of Equity Derivative Products
Contact information
Greg Pill
+61 (02) 9227 0696
greg.pill@asx.com.au