ASX is updating the way that multi-leg Block Trade strategies are reported to the market from the ASX24 system.

Text and news messages will contain additional information including:

·         Deal Number – this can be used to link messages when split into multiple lines

·         Number of legs included in the headline message

·         Correct prices and volumes for each leg with the Block Trade

Here is a sample message:

"Block Trade DealNo 850001 Reg'd @ 10:53 – 6 Legs to follow"

"DealNo 850001 Legs BNM913500P 150@12.00, BNM91150P 150@5.25, BNU913000P 100@13.50,”

"DealNo 850001 Legs BNU911000P 100@6.75, BNU9 60@140.00, BNM9 60@140.00“

Each line would be disseminated as a separate news or text message.

The CDE environment will be updated ready for Monday 29 April with the new functionality. ASX will announce a production release date after consulting with customers. ASX will generate multi-leg Block Trades on CDE so that customers can test with the new message format without having to enter Block Trades of their own.

What do I need to do by when?

Trading should be in accordance with established practice

Need more information?

Issued by

Ben Jackson

General Manager, Market Operations

Contact information

Trading Operations
+61 (02)  9256 0677, 1300 655 560

tradingoperations@asx.com.au

Disclaimer