ASX confirms that core Tailor Made Combination (TMC) functionality was restored on ASX Trade on Monday, 21 December, as advised in ASX Market Notice - 1682.20.12.
This core functionality enables TMC orders to be created with multiple legs and then executed together at a net price. Returning this functionality supports the majority of trading for which equity options customers use TMCs.
ASX will update the market on other TMC functionality - TMC interaction with other order books - in early 2021.
Options Liquidity Growth Program - Fee Rebates
To help promote growth in the equity options market, ASX will introduce an Options Liquidity Growth Program in the form of fee rebates for three months from 1 January through to 31 March 2021.
Recent adjustments to rule procedures allowed activity normally conducted on-screen (on-market) to be executed off-screen (off-market). The exchange fee rebates for equity options clearing participants and for market makers aim to encourage the return of on-screen activity.
Review rebate details and contact ASX for further information if needed.
Helen Lofthouse – Executive General Manager, Derivatives and OTC Markets
Senior Manager, Equity Derivatives
P: +61 2 9227 0672