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Notice
ASX participants and users are advised of ASX’s intention to trial the removal of Special Size crossings on NEW ETO Classes for the period of 1 year. The trial period and listing of the below 8 ETO Classes will commence on Friday 7 May 2021.
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. Please note that 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.
Market makers have initially agreed to support 8 new ETO Classes as part of the trial period. The new ETO Classes and associated quoting and margin requirements are:
Name |
ASX Code |
Min Quote Size |
Quoting Schedule |
PSR |
VSR |
Zip Co Limited |
Z1P |
100 |
3 |
40% |
39% |
Northern Star Resources Ltd |
NST |
200 |
2 |
16% |
39% |
Mineral Resources Limited |
MIN |
50 |
3 |
15% |
39% |
Evolution Mining Limited |
EVN |
400 |
1 |
17% |
39% |
IGO Limited |
IGO |
300 |
2 |
20% |
39% |
TPG Telecom Limited |
TPG |
200 |
1 |
11% |
64% |
Beach Energy Limited |
BPT |
1000 |
1 |
21% |
39% |
Lynas Rare Earths Limited |
LYC |
300 |
2 |
26% |
39% |
All of the new ETO Classes will have maturities listed out 6 months to start and have a contract size of 100 share. 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.
In order to support the new trial, ASX has made the following changes to ASX Rule Procedures to accommodate:
See attachment.
What do I need to do by when?
Participants and end users should familiarise themselves with the new crossing rules and make any necessary process changes to accommodate the change.
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