Wool futures brokers

Before starting to trade wool futures, you need to:
  • Understand the terms and conditions of the contract you intend to trade
  • Select an ASX Futures broker to execute trades
  • Set up clearing arrangements with an ASX Futures Clearing Participant - this can be the same as your executing broker, or a different ASX Futures Participant
  • Ensure all internal approvals and controls are in place.

Selecting an ASX futures broker

Before a broker can trade for a client, it is obliged to execute client agreement forms. The basic content of these agreements is set out in the Schedules in the ASX Futures Business Rules.

Find a broker

Selecting a Clearing Participant

Traders must have clearing arrangements in place before they trade. Once a contract is traded, the registration and novation process means that ACH as the Central Counter-Party (CCP) has a contractual relationship with the Clearing Participant. The Clearing Participant is responsible for the payment of all monies to ACH. Clearing Participants therefore put in place very strict arrangements with the companies they clear.

In addition to charges levied by ACH for registration of futures contracts, brokers and clearers charge varying rates for their services. 

A participant in ASX Wool Futures market may be:

  • An ASX Futures Trading Participant (either as a broker or local participant)
  • An ACH Clearing Participant (only clearing the market)
  • An ASX Futures Trading Participant that is also an ACH Clearing Participant