The Australian Securities Exchange (ASX) today announces its new fee and rebate schedule to begin on 1 July 2010, coinciding with the introduction of new trade execution services and functionality for the equity market in late June.
ASX has previously announced a range of enhancements to the ASX trade execution service offering. Some of those enhancements will come into operation over coming weeks. These include:- New order functionality for the ITS central limit order book (CLOB) to be made available on 28 June 2010. The functionality will also be available on ASX TradeMatch, which will replace ITS when it is implemented on the new low latency ASX Trade platform (anticipated to be in November 2010).
- ASX VolumeMatch, a new large order execution facility also to become operative on 28 June 2010.
- ASX PureMatch, a new trade execution service anticipated to be introduced in the second half of FY11.
This suite of new execution offerings will be complemented with additional services to customers, including a smart order routing product (ASX Best - scheduled for delivery alongside ASX PureMatch) and expanded co-location facilities to become available in the first half of FY12.
In keeping with annual practice, ASX has reviewed its Large Participant Rebate (LPR – for the cash market) and Large Volume Rebate (LVR – for the futures market) schemes as well as a range of market connectivity fees.
All fees are quoted exclusive of GST and will be implemented on 1 July 2010 unless otherwise stated.