On 6 December 2021, ASX released the consultation paper ASX Trade Cancellation Ranges: Proposals for Changes to ETO cancellation ranges and QCR Process:
In summary ASX will be looking for feedback on:
- Cancellation ranges that are currently prescribed under section 3200 of the ASX Operating Rules Procedures for Exchange Traded Option products
- The consent time for Qualifying Cancellation Range (QCR) across all ASX Trade products being extended from 5 minutes to 10 minutes
- The timing for requests to cancel and re-price Tailor Made Combinations (TMC’s) be incorporated into the current timeframes used for Request for Cancellation in Operating Rule Procedure 3200
- Any additional aspects of the Cancellation Process that Participants are looking to raise with ASX
ASX invites submissions on the questions set out in this paper as well as any alternative approaches that market users may wish to raise for consideration. ASX welcomes feedback on the individual questions and in combination.
The paper can be accessed here or by clicking on the link above.
What do I need to do by when?
Written submissions in response to the consultation paper are requested by 31 January 2022.
Need more information?
For general enquiries, please contact:
Senior Manager - Trading Operations
T: 02 9227 0299
Graham O’Brien – Head of Equity Market Sales and Equity Derivatives
Ben Jackson - General Manager Market Operations
T: 1300 655 560 (+61 2 9256 0677)