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ASX To Tweak Minimum Price Increment For YM Futures

AUSSIE BONDS

The ASX has noted that it intends to “increase the 3 Year Bond Futures minimum price increment from 0.005% to 0.010% during the non-roll period.” The ASX has a target effective date of mid-October for this change.

  • “The re-introduction of the minimum price increment to 0.010% follows a review of market liquidity in current market conditions, as measured by top of book bid and offer volume, market depth and traded volume. Since November 2021, there has been a noticeable decline in top of book and depth liquidity as a result of macro and global market influences. Reduced on-screen liquidity may impact the ability to efficiently enter and exit futures contract exposure and may result in price slippage.”
  • Full announcement here.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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