Following publication of the Government’s review into the RBA and in particular the recommendation (Recommendation 9.1) to move from 11 to 8 monetary policy meetings per year, ASX advises that market maker support i.e. two-way pricing in the 30 Day Cash Rate (IB) Futures from the June 2024 contract and beyond will be unavailable until certainty around dates has been established.
ASX will continue to keep open for trading the 30 Day Cash Rate Futures contract as per contract specifications. At this stage there will be no change to the number of contracts made available and ASX will monitor the appropriateness of this approach over time.
ASX is also currently reviewing the front-end product offering and will be engaging with market participants over the coming months.
No action is required.
Kristye Van de Geer
Senior Manager, Rates Products
Kristye Van de Geer
+61 (02) 9227 0130
kristye.vandegeer@asx.com.au