ASX Launches Clearing Service for OTC Equity Options

australia-pa
The Australian Securities Exchange has created a clearing service for OTC equity option trades.

The Australian Securities Exchange (ASX) has launched Equity OTC Clear, a clearing service for the anonymous reporting of transactions involving over-the-counter (OTC) equity options.

Participants of Equity OTC Clear will not be required to lodge an International Swaps and Derivatives Association (ISDA) contract, while the ASX says expiry dates and strike prices will be flexible.

"Transactions are registered anonymously with our clearing house and the contract is cleared in a similar way to a regular listed equity option," says David Stocken, ASX senior manager of institutional sales. "The OTC contract will portfolio-margin against listed equity option positions and investors can also lodge stock as acceptable collateral against their OTC position in the same way they can lodge stock against their regular ASX-listed equity options."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

If M&A picks up, who’s on the auction block?

Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.

Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

Enough with the ‘Bloomberg Killers’ already

Waters Wrap: Anthony interviews LSEG’s Dean Berry about the Workspace platform, and provides his own thoughts on how that platform and the Terminal have been portrayed over the last few months.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here