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ASX Grain Futures & Options has migrated to ASX 24

ASX Grain Futures & Options

The ASX Grain Futures and Options market has migrated to ASX 24 (ASX Trade24 & ASX Clear (Futures)).

By assisting global connectivity, the migration to ASX 24 will prove to be the most significant development for this growing market since deregulation of Australian bulk wheat exports. The primary aim of the migration is to support continued market growth and promote greater liquidity for the Australian grain and oilseed marketplace by improving both market accessibility and market functionality. Key benefits of the migration to ASX 24 are:

Improved market access;
Enhanced margining methodology and margin offset;
Extended trading hours; and
Enhanced order types.

OPERATING RULES

The following links contain the relevant Operating Rules and Procedures for ASX 24 and ASX Clear (Futures).

ASX 24

Operating Rules (PDF 23KB)
Operating Rules - Schedule 2^ (PDF 149KB)
Procedures (PDF 481KB)
Procedures (Appendices) (PDF 135KB)

ASX Clear (Futures)

Operating Rules (PDF 31KB)
Operating Rules - Schedule 14 (PDF 41KB)
Procedures - Schedule 14 (PDF 31KB)

^ The rules above and changes set out below have proceeded through Regulatory Clearance and are effective from 24 October 2011:

(a) changing "Settlement Value" to "settlement amount" in the 2nd last line of Item 25 for the WA Wheat, EA Feed Barley, Australian Sorghum and EA Canola contracts;

(b) adding "deliverable in New South Wales (NSW) and Victoria (VIC)" after "Feed Barley of Australian origin," in Item 1 of the EA Feed Barley contract;

(c) Removing "The deliverable grade must be free of any regulatory control that is applied on either a State basis or determined by crop year." from Item 1 of the EA Feed Barley contract; and

(d) adding "and Queensland (Qld)" after "New South Wales (NSW)" in Item 1 of the Australian Sorghum contract.

Links to Market Information:

ASX Grain Migration Update (PDF 1MB) (21 Oct 2011)
ASX Grain Migration Webinar Recording (21 Oct 2011)
ASX Clear (Futures) Initial Margin Rates (effective 24 Oct 2011) (released 10 Oct 2011)
Daily Settlement Price Determination Process (PDF 87KB)
ASX Grain Market Specification (PDF 128KB) (released 19 Aug 2011)
ASX Market Communication Update 2 (PDF 150KB) (released 19 Aug 2011)
ASX Market Communication Update 1 (PDF 201KB) (released 10 Mar 2011)
ASX Grain Options Migration Strategy (PDF 50KB) (released 25 July 2011)
ASX Market Consultation Paper (PDF 146KB) (released 10 Nov 2010)

Links to Market Communications:

ASX 24 Migration Update (PDF 59KB) (released 23 Sept 2011)
ASX 24 Migration Update (PDF 30KB) (released 19 Aug 2011)
ASX 24 Migration Update (PDF 30KB) (released 08 Aug 2011)
ASX 24 Migration Update (PDF 30KB) (released 25 July 2011)
ASX Market Information Bulletin 1711 (PDF 66KB) (released 2 May 2011)

SAMPLE FILES

Sample File	Location	File Type	Released
ITC Feed	download (797 KB)	txt	19.08.11
End of Day Data	download (585 KB)	txt	24.08.11
SPAN	download (759 KB)	pub	19.08.11
SECUR Codes	download (44 KB)	pdf	19.08.11
Tender Advice (XML)	Request File		19.08.11

Contact ASX

For further information on the migration of the ASX Grain Futures and Options market to ASX 24 please contact Business Development.

The ASX Group's activities span primary and secondary market services, including capital formation and hedging, trading and price discovery (Australian Securities Exchange); central counterparty risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation).

ASX Grain Futures & Options has migrated to ASX 24

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