On Mar. 31, ASX issued proposal re off market trade reporting service.
ASX issued Consultation paper on ETD TradeAccept system replacement - off market trade reporting service, to gather views on system replacement of ASX TradeAccept.
The Exchange Traded Derivatives (ETD) TradeAccept replacement project is part of the ClearStar program that looks to modernize systems as well as improve efficiencies.
Proposal
The paper outlines the design and scope of the new solution, along with the proposed implementation approach and associated timeline; ASX seeks feedback on specific aspects of the proposal in order to help finalize the solution design and timeline.
Paper is intended for participants using the TradeAccept system, as well as their system vendors, industry groups, and other stakeholders involved in derivatives off market trade reporting; paper aims to outline key functional and technical capabilities.
However, the paper does not provide field-level details of the UI or FIX messaging; these details will be covered in user guides and technical specifications, respectively.
Next Steps
ASX will issue response to views received from the paper, targeted for Q3 2025.
This will be supported by the planned release of FIX specifications along with other pertinent documentation which is related to the TradeAccept system replacement.
Additionally, ASX explained that a thorough review of all relevant technical as well as legal documentation, including ASX 24 operating rules, will be undertaken in order to ensure that amendments necessary for the project are identified and actioned.
A separate consultation with respect to the ASX 24 operating rules will be published, and this will outline any changes that are required because of the system replacement.
Effectiveness
The comment period for this consultation closes on Apr. 30, 2025.
