Discount Scheme for On-Screen Option Trading
Thu 7 Apr 2011
d-cyphaTrade and ASX 24 are pleased to announce a 50% exchange fee discount by way of rebate for all on-screen traded Australian Electricity Options.
The incentive scheme is designed to support on-screen option trading, particularly to lower the cost of transacting low premium options and option spread strategies.
As of 1 April 2011 participants will be entitled to a 50% exchange fee discount on all d-cyphaTrade ASX Electricity Options traded on-screen. The 50% fee discount scheme will be available for 6 months from 1 April 2011 until 30 September 2011. The fee rebate is available via redemption at the end of the relevant quarter in which the trades occurred. Options traded via Block Trade and EFP will not be entitled to the 50% fee discount.
On behalf of their clients seeking the 50% discount, ASX 24 Clearing Participants are required to fax/email their rebate forms to ASX 24 within 10 business days after the end of the calendar quarter in which the trades occurred.
For further information and to participate in this scheme please go to Administration of Concessions and download the relevant quarterly rebate form.