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Notice
ASX to introduce TLX and ZIP Exchange Traded Option (ETO) Classes for trading on Monday 2 September 2024.
ASX participants and users are advised that ASX will list 2 new Exchange Traded Option (ETO) Classes for trading on Monday 2 September 2024. The new ETOs will cover Telix Pharmaceuticals (TLX) and ZIP Co (ZIP).
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* |
TLX |
Telix Pharmaceuticals Limited |
200 |
4 |
5 |
SIG, MAK |
ZIP |
ZIP Co Limited |
500 |
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 |
TLX |
Telix Pharmaceuticals Limited |
24% |
42% |
3 |
ZIP |
ZIP Co Limited |
39% |
53% |
1 |
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