ETD Futures Clearing Replacement Project

Consultation paper

On 14 July 2025, ASX published a consultation paper titled Consultation Paper on Exchange Traded Derivatives Futures Clearing Replacement. 

The Exchange Traded Derivatives (ETD) Futures Clearing replacement project is part of the ClearStar Program to modernise systems and improve efficiencies of the derivatives clearing business. The consultation paper outlines the design and scope of the new solution, along with the proposed implementation approach and timeline. The paper is intended for ASX Clear (Futures) participants that clear ETD Futures, as well as their system vendors, industry groups and other stakeholders. 

ASX welcomes market submissions on proposals and questions outlined in the consultation paper to assist ASX in determining the new solution. One written submission is requested per organisation by Monday 25 August 2025, via:  

• an editable Excel form, submitted by email to ASXClearStar@asx.com.au; or 
• email to ASXClearStar@asx.com.au in a format suitable to your organisation. 

Response paper

On 7 October 2025, ASX published a consultation response paper on the Exchange Traded Derivatives (ETD) Futures Clearing Replacement.

ASX received 15 submissions from clearing participants, software providers and an industry association. Non-confidential submissions were received from the following respondents:

• Australian Financial Markets Association
• Interactive Brokers

ASX thanks all stakeholders that provided submissions.

ASX will continue to engage with stakeholders through the ClearStar Program Committee, working groups and targeted bilateral engagement on aspects of implementation approach, testing, go-live readiness and schedule.

ASX invites requests for bilateral engagement from stakeholders on the consultation response paper. If your organisation would like to contact the ClearStar Program team, please email ASXClearStar@asx.com.au.