Australian Securities Exchange
| Product Name/Code | Category | Specifications | Minimum Price Fluctuation | Daily Price Limit | More information | |
|---|---|---|---|---|---|---|
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$ ASX SPI 200 INDEX FUTURES (specific legal person) (AP) |
Futures | AU$25* Index |
1 point = 25 AUD | none |
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$ Australian 10 Year T-Bond (specific legal person) (XT) |
Futures | 100,000 AUD |
0.005%=about 45 AUD | none |
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$ Australian 3 Year T-Bond (specific legal person) (YT) |
Futures | AUD 100,000 |
0.01%=about 30 AUD Starting from 7/21, 0.005% =abou 15 AUD |
none |
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$ 90-Day Bank Bills (specific legal person) (IR) |
Futures | AUD 1,000,000 |
0.01%=about 24 AUD | none |
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$ 30 Day Interbank Cash Rate (specific legal person) (IB) |
Futures | AUD 3,000,000 |
0.005%=12.33 AUD | none |
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For the trading months of options, please refer to the list of Last Trading Day. All of the above are in daylight saving time. For most of U.S., European, and Australian products, trading hours will be delayed by one hour during winter time.
According to the account opening and entrustment contract with our company, physical delivery of foreign futures contracts may not be accepted. Traders are required to close out positions within the timeframe specified by the company. Otherwise, the company reserves the right to offset positions upon expiration.
If electronic closeout is unavailable after the first notice day, please contact the trading desk at +886-2-2755-1326.
For cash-settled products, cash settlement will be executed after the market close on the last trading day in accordance with exchange rules.
Notes:
* The "#" before the product name indicates physical delivery futures or futures options, while the "$" indicates cash-settled futures or spot options.
* Acceptable order types: Limit
*Rules, guidance notes and waivers.
* Before 06:00 (delayed by one hour during Standard Time) is our company’s account processing period. Online order placement opens daily at 06:00 (delayed by one hour during Standard Time). If you wish to place an order before 06:00 (delayed by one hour during Standard Time), please call our trading desk at +886-2-27551326.
* (Final Settlement Price) AP: The Special Opening Quotation of the underlying S&P/ASX 200 Index on the last trading day, calculated using the first traded price of each component stock in the S&P/ASX 200 Index on the last trading day. This means the first traded price of each component stock may occur any time between ASX market open and ASX market close (including the Closing Single Price Auction). If a component stock hasn’t been traded by ASX market close on the last trading day, the last traded price of that stock will be used to calculate the Special Opening Quotation.
YT、XT: The average of the best bid and best offer for each bond will be calculated at 9:00am, 9.45am, 10.30am and 11.15am. An indicative session price, calculated as an arithmetic mean, will be published after each session. The Expiry settlement price will be the average of the best bids and offers from all sessions rounded to the nearest tradable increment and subtracted from 100. Expiry settlement price will be published by 12pm on the Last Trading Day.
IR: Shall be calculated as 100 minus the 3 month BBSW rate published on the Last Trading Day. The 3 month BBSW rate will be rounded to 3 decimal places to the nearest 0.001 per cent, 0.0005 per cent rounded up.
IB: The Cash Settlement Price is equal to 100 minus the cash settlement rate, where the cash settlement rate is the monthly average of the Interbank Overnight Cash Rate (OCR) for that contract month calculated by taking the sum of the daily OCR, as published by the Reserve Bank of Australia, divided by the number of days for that month.
* The formula for the present value Please refer to Price and Valuation Guide for more details.
P = 1000 * [ c ( 1- v^n ) / i + 100 v ^n]
i = yield % pa divided by 200
v = 1/(1+i)
n = XT is 20 , YT is 6
c = coupon rate/2
** Calculating Contract Value for ASX 90 Day Bank Bill Futures: Please refer to Price and Valuation Guide for more details.
P = (1,000,000 * 365 ) / ( 365 + ( yield * 90 ) /100 )
* Day Trading: Any day trades executed within 30 minutes of the product’s market close will be settled against the initial margin. Clients should refrain from placing closing orders after this period. If a client places a closing order after the 30-minute window and duplicates positions, they will be responsible for any resulting errors. Day trading orders will not be accepted on the last trading day for cash-settled products.
* Australia's Daylight Saving Time begins on the first Sunday of October each year and ends on the first Sunday of April the following year.
* The United States' Standard Time (winter time) begins on the first Sunday of November and ends on the second Sunday of March the following year.
For detailed information, please refer to the websites of each exchange. This information is for reference only, and any relevant details are subject to exchange announcements. Users are responsible for any losses incurred from trading based on this information.
