Newsroom

“Custom Market”: Trading Multi-Legged Strategies

Thu 15 Nov 2012

The ASX Trade 24 Custom Market is available for trading non-standard, spreads, strips or other multi-legged strategies (where ASX 24 has not designated a predetermined market on ASX Trade 24). Custom Market Orders can incorporate combinations of Base and Peak load Futures, predetermined strip products, $300 Cap Futures and Option products.

For example, the following strategies can be traded via the Custom Market:

  • Option straddles, delta-hedged Option strategies (i.e. strategies involving combinations of Futures and Options), strangles, call spreads and put spreads;
  • “Cap Spreads” (e.g. $300 Cap Futures v.s. Futures spreads);
  • Inter-regional Futures and/or inter-regional Option spreads;
  • “Synthetic Offpeak” spreads (e.g. long Base Futures and short Peak Futures).

Custom Market orders are matched according to price and time priority. Access to Custom Market orders is available to ASX 24 Participants and their clients via Direct Market Access (DMA) systems. Given their non-standard nature, Custom Market trade prices are not disseminated to data vendors but traded volume is reported to the component products.

Additional information regarding the Custom Market Facility is available here: http://www.asx.com.au/documents/trading_services/asx-trade24-developer-guide-markets-functionalities.pdf.

To view 30 second delayed Australian Electricity Custom Market orders please click here or to view on your SmartPhone via the d-cyphaTrade WebApp click here.

If you have any further queries please contact the d-cyphaTrade Team on 1800 330 101 or +61 2 9237 0900 or email info@d-cypha.com.au.