
Derivatives of increasing importance to ASX
Humphry said the growth in derivatives activity was a "positive sign" for some of ASX's longer-term initiatives like the development of an equity futures market.
ASX held a licence to clear and settle futures for the now-defunct Australian Derivatives Exchange. But it has now lodged an application to establish a market to trade, clear and settle futures in its own right.
The licence is currently in front of a parliamentary committee, which has 28 days to raise any objections.
Subject to regulatory approval, ASX expects to introduce its first futures products during the current financial year. The first products are likely to be based on State Street Global Advisors’ (SSgA) ASX/S&P50 and ASX/S&P200 exchange-traded funds (ETFs), which were launched on August 28.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Exchanges
Regulation
French regulator questions need for share trading equivalence
Esma’s reinterpretation ahead of Brexit reduces need for equivalence system, says AMF official
Receive this by email