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Notice
Core Tailor Made Combination (TMC) functionality was restored to 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 (covering both options and cash equity) and then executed together at a net price without interacting with individual series. The return of this functionality supports approximately 98% of TMC activity for equity option customers.
As previously communicated, ASX has implemented an Options Liquidity Growth Program. The scheme is currently giving full fee rebates for on-screen activity until the end of March 2021 to encourage activity in the ETO market. Client volumes in single stock options improved in January and we hope that the continuation of this program in February and March will encourage further growth in the options market.
Update on further elements of TMC functionality
The root cause of the ASX Trade Outage on 16 November 2020 was an issue with TMC functionality, specifically relating to bait orders. As a result some TMC functionality remains disabled.
The implementation of any further TMC functionality is being carefully evaluated in conjunction with our vendor. ASX is committed to maintaining stability in the trading platform and will provide a further update in April.
What do I need to do by when?
Please contact ASX if you have any questions in relation to this notice.
Need more information?
Issued by
Graham O’Brien – Senior Manager, Equity Derivatives
Contact information
Graham O’Brien
P: +61 2 9227 0672
Equity Derivatives