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Notice
ASX participants and users are advised that ASX will be making changes to the market maker quoting obligations in a range of Single Stock ETO Classes. ASX will be making changes to the minimum quote size obligations, allocation of quoting schedule and the quoting schedule itself.
ASX has a general policy in setting the level of ETO Special Size (with respect to number of contracts) to a 15 times multiple of the minimum market maker quote size. As such, Special Size levels and associated Equity FlexClear™ entry size levels will be adjusted accordingly.
The changes to market maker quoting obligations and Special Size levels of affected ETO Classes will become effective from Monday 3 April 2023.
A summary of the 13 ETO Classes whereby minimum quoting size and corresponding Special Size level are changing can be found below:
Underlying |
Current Min Quote Size |
ASX New Min Quote Size |
New Special Size (number of contracts) |
ANZ* |
250 |
300 |
4500 |
ASX |
30 |
50 |
750 |
BSL |
200 |
150 |
2250 |
COL |
100 |
200 |
3000 |
GMG |
100 |
200 |
3000 |
IFL |
200 |
300 |
4500 |
NAB* |
200 |
250 |
3750 |
STO* |
200 |
400 |
6000 |
TAH |
500 |
1000 |
15000 |
TWE |
250 |
150 |
2250 |
WBC* |
150 |
300 |
4500 |
WTC |
50 |
30 |
450 |
ZIP |
200 |
250 |
3750 |
* Top 20 stock
Note: ETO Special Size premium value thresholds will remain unchanged and continue to align with ASICs MIR for the given underlying.
3 ETO Classes are moving to new Quoting Schedules (Max Spreads):
Underlying |
Current Quoting Schedule |
ASX New Quoting Schedule |
ALU |
3 |
4 |
MIN |
4 |
6 |
ZIP |
2 |
1 |
Quoting Schedules for ETO classes will be trimmed at the higher end of the Premium range to decrease the number of price points.
Please find below links to the comprehensive list of ETO Market Maker obligations and Quoting Schedules, and ETO Class Special Size levels becoming effective on 3 April 2023:
- Market Maker Obligations – covering min. quote size, allocated quoting schedule and quoting schedule
- ETO Special Size levels
- ASX Equity FlexClear™ entry levels
What do I need to do by when?
Participants and end users should familiarise themselves with the market maker obligation adjustments and Special Size/FlexClear™ changes in order to make any necessary process developments to accommodate the transition.
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