Notice

ASX 24 Bond Futures Delinking – Go-live confirmation

What's this about:
  • ASX 24 Market
  • Trading
  • Rates
  • Product
  • Operations
  • Market Data
  • Rules
  • Interest Rate Futures
  • Bond Futures delinking
  • March 2025
  • go live date
Notice reference number: 0186.25.02
Date published: 25/02/25
Effective as of: 10/03/25
Last updated: 25/02/25

Market Participants are advised that the Bond Futures delinking will commence with the March 2025 bond roll, at 5.10pm 10 March 2025 (Trade Date 11 March 2025).

The functional changes are:

1.      Delink the Bond Futures (3, 5, 10 and 20 year) contracts outright market from the calendar spread market during the Roll Period. The Roll Period, for the purpose of the tick increment changes, is defined at the 8th of the expiry month (Trade Date 9th to the 15th of the expiry month), or next business day, if the 8th is not a business day.

2.      Keep the tick increments in the outright contracts during the Roll Period at the non-roll (wider) increments, while supporting the narrower tick increments during the Roll Period in the calendar spreads (roll) market only.

The Bond Futures outright and calendar spread (roll) will be relinked from 5.10pm 17 March 2025 (Trade Date 18 March 2025).

On Friday 7 March the ASX 24 CDE environment will be upgraded to Service Release 4 and will be unavailable between 13:00 to 16:00 AEDT.

Please refer to the attached factsheet for further information.

What do I need to do by when?

This Market Notice is for information only.

Need more information?

Issued by

Kristye van de Geer, Senior Product Manager, ASX 24

Contact information

Kristye van de Geer
+61 (02)  9227 0130
Kristye.vandegeer@asx.com.au

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