australia_futures [PPro8 Wiki]

This page is read only. You can view the source, but not change it. Ask your administrator if you think this is wrong.
====== Australia Futures ======

=====Overview=====

ASX 24 Futures represent the listed futures contracts on the Australian Securities Exchange.

[[https://www2.asx.com.au/markets/trade-our-derivatives-market/futures-market|Homepage]]

Currency: Australian Dollar (AUD)

[[https://www.asx.com.au/about/asx-24-trading-calendar-2020.htm | Trading calendar]]\\
[[http://www.asx.com.au/about/trading-hours.htm | Trading hours]]

==== Contracts ====

You can use the following formula to calculate the contract value for each futures series. This value represents the amount of Buying Power (BP) you would need to trade a single contract.

[[http://www.asx.com.au/prices/asx-futures.htm|ASX 200 SPI Futures]]: contract value = price * A$25

The symbology format is as follows: 

CC\MYY

Where:

  * CC: contract code, e.g., **AP**
  * M: month code, e.g., **H**
  * YY: year code (last two digits of the year), e.g., **16**

For example, ASX SPI 200 futures with March 2016 expiration would be: **AP\H16**

Please make sure that you familiarize yourself with the expiration dates of the contract and the universal month codes for them. See the [[http://www.asx.com.au/about/expiry-calendar.htm |Expiry calendar]] page for contract expiry dates. The month codes to denote contract expiration months can be found on the [[http://www.cmegroup.com/product-codes-listing/month-codes.html|Contract Month Codes]] page.

==== Order Types ====

  * Limit Buy/Sell→ShortSell (Day)

==== Basic Market Rules ====

  * Lot Size: 1 contract.
  * Tick Size: varies, please refer to contract specifications.
  * Circuit Breakers: although the ASX has not established fixed thresholds for circuit breakers or trading halts, trading in a company's shares may be halted from time to time for market-sensitive announcements or at the request of the company.

===== Additional Info =====

For more information, see the [[http://www.asx.com.au/regulation/rules/asx-24-operating-rules.htm |ASX 24 Operating Rules]] page.

===== See Also =====

  * [[market_guides|Market Guides]]