Notice

Introduction of 2 new Exchange Traded Option (ETO) Classes.

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Notice reference number: 0987.23.09
Date published: 26/09/23
Effective as of: 03/10/23
Last updated: 26/09/23

ASX participants and users are advised that ASX will list 2 new Exchange Traded Option (ETO) Classes for trading on Tuesday 3 October 2023.

As is current policy the new ETO Classes will not have special size allocated initially.

The new ETO Classes will be reviewed every 3 months and those ETO Classes which meet ASX’s liquidity requirement will have Special Size crossing levels re-introduced. ETO crossings can still occur on the new ETO Classes but will need to be conducted on screen as opposed to a trade report whilst Special Size is not available.

Please refer to the below table for market making coverage in the new ETO Classes.

ETO Class

Name

Min Quote Size

Quote schedule < 3 months

Quote schedule > 3 months

Market Makers*

CHN

Chalice Mining Ltd

500

1

2

SIG, MAK

GOR

Gold Road Resources Ltd

750

1

2

SIG, MAK, ECL

* SIG = Susquehanna; MAK = Mako Trading; ECL = Eclipse Trading

Please refer to the below table for the initial margin parameters and assigned fee schedule for the new ETO Classes.

ETO Class

Name

PSR

VSR

Fee Tier

CHN

Chalice Mining Ltd

28

47

1

GOR

Gold Road Resources Ltd

21

47

1

 

All of the new ETO Classes will have maturities listed out 6 months to start and have a contract size of 100 shares. Flex option listings can occur on the new ETO Classes in line with ASX’s current policy and can be requested via tradingoperations@asx.com.au.

What do I need to do by when?

Participants and end users should make the appropriate changes in readiness for the new ETO Classes.

Need more information?

Issued by

Gregory Pill – Head of Equity Derivative Products

Contact information

Gregory Pill
+61 (02)  9227 0696
greg.pill@asx.com.au