Clearing and Settlement of Cash Equities in Australia

Customer Access

ASX participants

ASX offers a range of participant membership categories that span its trading, clearing and settlement facilities.  The following participant options are available:

The ASX Customer Management function is the central point of contact for any enquiries relating to participation, including new or existing participants. The Customer Management team can be contacted on +61 2 9227 0787 or participants@asx.com.au.

An overview of the admission process, the key requirements to consider when preparing to submit a participant application and the application and annual fees can be viewed here.

Services for Approved Market Operators

Trade Acceptance Service

A trade execution venue for ASX-quoted securities that needs to put in place clearing and settlement arrangements to obtain an Australian market licence can do so using ASX’s Trade Acceptance Service (TAS).

The TAS provides non-discriminatory access to clearing and settlement arrangements for Approved Market Operators (AMOs).  The TAS enables trades in CHESS-eligible ASX-listed or quoted securities executed on any Australian licensed trading platform to be cleared and settled by ASX Clear and ASX Settlement in an identical fashion to trades executed on ASX’s own cash equity market.

Standard access is currently provided to Chi-X Australia under the TAS.

If you are interested in being provided with the TAS, please contact Danielle Henderson, General Manager Clearing Services, on +61 2 9227 0535 or danielle.henderson@asx.com.au.

Further information on the TAS, including information on the contractual framework, services fees, the Access Procedures for AMOs and application forms can be viewed here.

Services for Approved Listing Market Operators

Settlement Facilitation Service

ASX Settlement provides settlement arrangements for approved listing venues (Approved Listing Market Operators or ALMOs) in respect of CHESS-eligible financial products listed on the markets of those ALMOs.

ASX Settlement has also put in place arrangements for ALMO-listed issuers to use the ASX Primary Market Facility, which enables them to use DvP settlement for certain capital raisings.

If you are interested in being provided with settlement arrangements as a listing market operator, please contact Karen Webb, Manager Settlement Services, on +61 2 9227 0445 or karen.webb@asx.com.au.

Further information on the Settlement Facilitation Service, including information on the contractual framework, services fees, the Access Procedures for ALMOs and application forms can be viewed here.