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Notice
To recognise the one year anniversary of the 5 Year Treasury Bond Future and thank participants for their support over the last 12 months, ASX will be waiving exchange fees on all Exchange For Physical (EFP) transactions for a period of 6 months. The EFP fee holiday will apply to all 5 Year Bond Future EFP’s registered from Monday the 3rd January 2022 up to and including Thursday 30th June 2022. The fee holiday will support the growth of the EFP of mid curve bonds and swaps to the 5 Year, facilitating a more efficient and effective hedge for mid curve treasury exposures.
The 5 Year Bond Future was launched in late Q4 2020 to complement the existing interest rate futures complex by providing an additional liquidity point and hedging tool at the mid part of the yield curve. Since launch, over 1.6 million contracts have traded with broad participation across banks, investment banks, buy side and proprietary firms. Open Interest currently sits at 61,000 contracts while 2021 Average Daily Volume (YTD) is approximately 7,000 contracts. Further details on contract specifications and commodity codes can be found in the factsheet.
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Issued by
Monique Bell
Manager Interest Rate Products.