Market making

Market makers provide an important role in ensuring that buyers and sellers of ETPs can transact. They provide liquidity to the market by providing quotes through the trading day and update their prices to reflect changes in the underlying securities.

ASX offers a market making incentive scheme to further promote tighter spreads and more liquidity in ETPs markets. Market making Participants receive incentives equivalent to trading fees from ASX when achieving minimum quoting benchmarks on a monthly basis. Each ETP is assigned a spread and liquidity requirement.

• Australian Broad Based
• Australian Sector
• Australian Strategy Based
• International Broad Based
• International Sector
• Currency
• Fixed Income and Cash
• Fixed Income - Single Asset
• Commodity

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	Vivienne Court
AUMF	3
EINC	N/A
EX20	2
IOZ	1
ILC	1
ISO	3
MVOL	3
MVW	1
MVS	3
QOZ	1
RINC	N/A
SMLL	N/A
STW	N/A*
SFY#	1
SSO	3
UBA	1
VAS	1
VLC	1
VSO	3
ZOZI	1

 

ETP Code	Quoting Schedule	Susqeuhanna	Deutsche	UBS	Vivienne Court
MVA	2
MVB	2
MVE	3
MVR	2
OZF	2
OZR	2
QFN	2
QRE	2
SLF#	2
VAP	2

 

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	Vivienne Court
AOD	N/A
AUST	2
BEAR	1
BBOZ	2
DIV	2
ETF	1
FAIR	3
FDIV	2
GEAR	2
HVST	1
IHD	2
KSM	N/A
RARI	3
RDV	3
RVL	3
SWTZ	N/A
SYI	3
VHY	2
YMAX	1
ZYAU	1

 

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	Vivienne Court
BBUS	1
CETF	3
DMKT	N/A
EMKT	3
ESGI	3
ETHI	3
ESTX	2
HEUR	3
HJPN	3
GGUS	1
GROW	N/A
IAA#	3
IBK#	5
IEM#	3
IEU#	3
IHK#	3
IHOO	2
IHVV	1
IHWL	3
IJH#	3
IJP#	3
IJR#	4
IKO#	4
IOO#	3
IRU#	3
ISG#	3
ITW#	3
IVE#	4
IVV#	1
IWLD	3
IZZ#	3
KII	N/A
MGE	N/A
MHG	N/A
MICH	N/A
MOAT	4
NDQ	2
PAXX	N/A
PIXX	N/A
QMIX	1
QUAL	3
QUS	1
SPY	1
TECH	4
UBE	1
UBJ	3
UBP	3
UBU	1
UBW	1
UMAX	2
VAE	4
VDCO	2
VDBA	2
VDGR	2
VDHG	2
VEU	2
VEQ	3
VGAD	2
VGE	3
VGS	1
VMIN	2
VTS	2
VVLU	2
WDIV	4
WDMF	3
WEMG	3
WRLD	2
WVOL	3
WXHG	2
WXOZ	2
ZYUS	2

 

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	Vivienne Court
BNKS	3
CORE	4
DJRE	4
DRUG	3
FOOD	3
FUEL	3
GDX	4
GLIN	N/A
HACK	4
IFRA	2
IXI#	4
IXJ#	4
IXP#	4
MNRS	3
RENT	N/A
ROBO	4

 

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	Vivienne Court
AUDS	2
EEU	1
POU	1
USD	1
YANK	2
ZCNH	1
ZUSD	1

 

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	JP Morgan
AAA	1
BILL	1
BOND	4
FLOT	4
GOVT	4
HBRD
IAF	4
IHCB	4
IHEB	4
IHHY	4
ILB	4
IGB	4
ISEC	1
MONY	1
PLUS	4
QPON	4
RGB	4
RSM	4
RCB	4
VACF	4
VAF	4
VBND	4
VCF	4
VGB	4
VIF	4

 

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	JP Morgan
YTMAGL	RB
YTMANZ	RB
YTMAPA	RB
YTMAP1	RB
YTMAST	RB
YTMAWC	RB
YTMAZJ	RB
YTMBH1	RB
YTMBHP	RB
YTMBOQ	RB
YTMCCA	RB
YTMCTX	RB
YTMCWN	RB
YTMDO1	RB
YTMDOW	RB
YTMDX1	RB
YTMDXS	RB
YTMGPT	RB
YTMGP1	RB
YTMIPL	RB
YTMLLC	RB
YTMLL1	RB
YTMMGR	RB
YTMMG1	RB
YTMMG2	RB
YTMMQG	RB
YTMNA1	RB
YTMNAB	RB
YTMNVN	RB
YTMQF1	RB
YTMQF2	RB
YTMQF3	RB
YTMSCG	RB
YTMSGP	RB
YTMSG1	RB
YTMSG2	RB
YTMTCL	RB
YTMTLS	RB
YTMTL1	RB
YTMWB1	RB
YTMWBC	RB
YTMWES	RB
YTMWE1	RB
YTMWOW	RB
YTMF01	RB
YTMF02	RB
YTMF03	RB
YTMF04	RB
YTMF05	RB
YTMF06	RB
YTMF07	RB
YTMF08	RB
YTMF09	RB
YTMF10	RB
YTMF11	RB

 

ETP Code	Quoting Schedule	Susquehanna	Deutsche	UBS	JP Morgan	Jane Street	Virtu	Flowtraders
ETPMPM	RB/4
ETPMPT	RB/5
ETPMAG	RB/3
ETPMPD	RB/5
GOLD	1
OOO	3
PMGOLD	RB
QAG	4
QAU	1
QCB	5
ZGOL	1

 

N/A* means due to the natural high level of liquidity, this product is not offered in the incentive scheme.

# means due to the products being admitted under the listings rules, there is no obligation for a Lead Maker Maker.

RB means that the product has been admitted under a Reasonable Bid test for market liquidity. Further information can be found in Guidance Note 12: Warrant and Aqua Product Liquidity Requirements.

Note: this table shows the Market Makers that have signed incentive contracts with ASX and the relevant ETPs. This information is a summary of select terms in the incentive agreements signed between ASX and relevant Market Makers, and is not a definitive or comprehensive summary of those agreements.

Quoting Schedules for ETPs

Description of Quoting Specifications for Market Makers