ASX today launched Equity OTC Clear, an efficient clearing service for ASX participants to anonymously report transactions in overthe-counter OTC equity options.

ASX's service does not require participants to lodge an International Swaps and Derivatives Association ISDA contract. It also provides investors with flexible expiry dates and strike prices.

David Stocken, ASX Senior Manager Institutional Sales, said Equity OTC Clear is a service that will provide investors with convenience and anonymity. Transactions are registered anonymously with our clearing house and the contract is cleared in a similar way as a regular listed equity option.

Wendy Kirkland

Investors can also lodge stock as acceptable collateral against their OTC position in the same way they can lodge stock against their regular ASX-listed equity options," Mr Stocken said.

The ASX Equity OTC Clear service is initially available alpari fx trading jobs the 19 most liquid equity options, which are AMP, ANZ, AWC, BHP, BSL, CBA, FMG, MQG, NAB, NCM, OZL, QBE, RIO, Asx listed equity options, TLS, WBC, WES, WOW and WPL, and also over the index XJO option contract.

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ASX launches Equity OTC Clear

ASX ASX today asx listed equity options Equity OTC Clear, an efficient clearing service for ASX participants to anonymously report transactions in overthe-counter OTC equity options. Other benefits of the service include: Comment on this story membership required. Australian Securities Exchange ASX - all news.

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