Clearing and Settlement of Cash Equities in Australia

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 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.

Contractual framework and service fees

The TAS is made available to AMOs in accordance with a published set of contractual terms of service, which include fees for the TAS, operational and technical standards.

An initial application fee of $10,000 (excluding GST) and an annual service fee based on the AMO's nominated term of service will apply to the TAS.  The TAS is available with pricing options for one, three or five-year terms.

Further information on the term of the TAS Legal Terms and the review process for the TAS Legal Terms can be viewed here.

Access procedures for AMOs and application forms

Procedures for Access Requests by AMOs can be viewed here.

The access procedures set out the processes and timeframes for ASX to respond to new customer enquiries for standard services under the TAS and customer requests for the enhancement or expansion of the TAS.

The access procedures also provide an overview of the TAS service monitoring and the Information Handling Standard for the protection of AMO competitively sensitive information that may be acquired by ASX Clear and ASX Settlement in the provision of the TAS.

An Application Form for an AMO seeking to put in place clearing and settlement arrangements under the TAS is available here.

A Change Request Application Form for existing or prospective customers requesting an enhancement to the standard TAS is available here.