- address limitations of the current Volume Incentive Plan (VIP) and Supplementary Volume Incentive Plan (SVIP) rebate schemes;
- share with ASX Participants (“Participants”) some of the merger related benefits by reducing fees;
- share with Participants the benefits of increased market activity, through a gain sharing process;
- ensure consistency with the pricing approach adopted in SFE markets by introducing an uncapped rebate pool structure with qualifying thresholds; and
- retain the existing volume to value relationship which has, with other factors, supported significant growth in direct market access (DMA) and algorithmic trading.
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