Notice

Response to consultation on proposed changes to ASX Trade Cancellation Policy

What's this about:
  • ASX Market
  • Trading
  • Equities
  • Exchange Traded Products (ETP) & mFund
  • Debt Instruments
  • Derivative Product
  • Options & ETOs
  • Flexclear OTC
  • Product
  • Operations
  • Technology
  • Rules
  • Compliance
  • Risk
  • ASX Trade
  • QCR
  • ETR
  • ETO
  • Trade Cancellation Policy
  • Consultation
  • Show more
Notice reference number: 1121.22.10
Date published: 14/10/22
Effective as of: 28/11/22
Last updated: 14/10/22

Today ASX released a response paper to the December 6 2021 consultation paper on proposed changes to the ASX Trade Cancellation Ranges: Proposals for Change to ETO cancellation ranges and QCR Process.

Ten written submissions were received in response to the consultation and ASX would like to thank those who have provided feedback. ASX also held bilateral meetings with some parties to better understand their views.

Based on the feedback received, ASX will be making the following changes to the ASX Trade Rules and Procedures with effect 28 November 2022:

  • Amend the Extreme Trade Range (ETR) for Exchange Traded Options (ETO) products
  • Amend the consent time for Qualifying Cancellation Range (QCR) requests from 5 to 10 minutes
  • Introduce a cut off time to request re-pricing of a Tailor Made Combination (TMC) of 4:40pm (Sydney Time)

The response paper can be accessed here.

What do I need to do by when?

ASX Trade Participants should familiarise themselves with the changes outlined in the response paper

Need more information?

For general enquiries, please contact:

Brendan Sweeney
Senior Manager - Trading Operations
T: 02 9227 0299
 

Graham O’Brien – Head of Equity Market Sales and Equity Derivatives
T: 02 9227 0672
E: graham.obrien@asx.com.au

Issued by

Ben Jackson - General Manager
Market Operations

Contact information

Trading Operations
T: 1300 655 560 (+61 2 9256 0677)
Disclaimer