Wednesday April 9 2025
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Australia
On 9th April 2025, Australian Securities Exchange Limited (ASX) has announced amendments to the Operating Rule Procedures and that these changes are to become effective from 12th May 2025 (first release). The changes allow for the implementation of the following aspects of ASX Service Release 15 (ASX SR 15).
- Streamlined trade reporting for late trades and block trades by reducing the number of reportable codes.
- Removal of the Open Auction stagger;
- Introduction of new Session States – Opening Single Price Auction (OSPA) and Post Close;
- Fixed open time for single stock options;
- Enhancements to the Closing Single Price Auction (CSPA) for company sensitive enhancements; and
- Miscellaneous changes including aligning the times Authorized Signatories are available to the new Session State times, and other changes not related to ASX SR 15 though included to contemporise the rules.
The ASX SR15 changes aim to contemporise the ASX trading platform, introduce operational and technical efficiencies, and reduce complexity.
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