FIA has submitted a response to the Australian Securities Exchange's consultation on proposed functionality enhancements for the replacement ASX 24 derivatives trading platform.
The response provides member views on the proposed changes, including Good-Till-Cancel (GTC) spreads, different tick increments across contract months, revised trading hours, reference prices for anomalous order thresholds and off-market trade reporting.
FIA also emphasises the need for clear implementation arrangements and sufficient industry testing, and raises additional recommendations concerning minimum tick sizes, margin offsets and eligible collateral.
