ASX First Industry Wide Test Planned

Published on: Feb 27, 2025

On Feb. 25, ASX planned first industry wide test for service release 15.

  • ASX will conduct first of three industry wide test (IWT) events for Service release 15 (SR15); all trading participants are expected to participate in this test.
  • Published release gave details on registration; declaration; test availability, conditions.
  • Industry Wide Test Events
  • During each IWT event, ASX will run all session states on a compressed schedule.
  • Testing include new session states, new trade report codes, FIX drop copy service; simulation of opening single price auction for selected securities, late closing auctions.
  • All trading participants are being requested to take part in the events, while vendors and approved market operators (AMOs) are being strongly encouraged to join too.
  • Trading participants must attest they can connect and process new functionalities.
  • Test environment will restore good to cancel/good to date orders, cancel undisclosed, iceberg orders; limited to ASX trade connections only, with no CHESS/signal B access.
  • The system will rollback following testing, ensuring a normal open on Apr. 14, 2025; participants should remove Apr. 12 transactions from their applications after the test.
  • Post-test, participants must confirm test status to customer technical support (CTS) by 1pm AEST on Apr. 12, 2025, submit the attestation form by 2pm on May 10, 2025.
  • Effectiveness
  • Registrations regarding IWT1 must be submitted to ASX CTS by Apr. 4, 2025.
  • The three scheduled IWT dates are as follows: Apr. 12, 2025 (IWT1), May 3, 2025 (IWT2 - ASX BCP weekend), and May 10, 2025 (IWT3 - go-live readiness).
Regulators
ASX
Entity Types
B/D; Corp; Exch; Inv Co
Reference
Nt 0184.25.02, Form, 2/25/2025
Functions
Compliance; Financial; Operations; Reporting; Technology; Trade Reporting; Trading
Countries
Australia
Category
State
N/A
Products
Corporate; Derivatives; Equity; Fund Mgt; Securities
Rule Type
Final
Regions
AP
Rule Date
Feb 25, 2025
Effective Date
Apr 4, 2025
Rule ID
244943
Linked to
N/A
Reg. Last Update
Feb 25, 2025
Report Section
International