Apply to become a participant
ASX offers a range of participant membership categories that span our trading, clearing and settlement facilities
Electronic access to the Australian equity and derivative markets.
You can apply to become a trading participant on either our cash market (ASX Trade), our derivatives market (ASX 24) or both. You can also apply to become a principal trader on ASX 24.
Clearing participants clear equities and exchange-traded options (ETOs) through ASX Clear, or derivatives through ASX Clear (Futures).
Settlement Participants facilitate the settlement of cash equities through ASX Settlement or fixed-income securities through Austraclear. Clearing and Settlement Participants must have either an Austraclear account or an outsourcing arrangement with an Austraclear Participant to settle margin calls and calls for Contributions and Additional Cover (CAC).
Review the admission requirements and contact ASX to discuss your application.
One form is used for:
Applicants that are required to hold an Australian Financial Services Licence (AFSL) should contact ASIC as early as possible in the application process. ASX timeframes do not include the time taken to satisfy any ASIC or foreign regulator requirements.
Contact ASX Technical Services to discuss the appropriate technical and connectivity solutions for access to ASX systems.
Submit your completed application and supporting documentation via ASX Online. User access will be provided prior to submission.
| Participant type | Platform | Act for clients | Application and administration fee | Annual fee |
|---|---|---|---|---|
| Trading | ||||
| ASX Trading Participant | ASX Trade | Yes | A$25,000 +GST | A$2,500 +GST |
| ASX 24 Trading Participant | ASX Trade 24 | Yes | A$25,000 +GST | A$10,000 +GST (Waived) |
| ASX 24 Principal Trading Participant | ASX Trade 24 | Yes | A$25,000 +GST (Waived) | A$10,000 +GST (Waived) |
| Clearing | ||||
| ASX Clear - General | CHESS/DCS | Yes | A$50,000 +GST* | A$7,500 +GST |
| ASX Clear - Direct | CHESS/DCS | Yes | A$25,000 +GST* | A$5,000 +GST |
| ASX Clear (Futures) | Genium Clearing | Yes | A$25,000 +GST | A$10,000 +GST (Waived) |
| Settlement | ||||
| ASX Settlement (General) | CHESS | Yes | A$10,000 + GST | A$5,000 +GST |
| ASX Settlement (Account) | CHESS | Yes | A$5,000 +GST | A$2,500 +GST |
| ASX Settlement (Specialist) | CHESS | N/A | A$5,000 +GST | A$2,500 +GST |
On 22 July 2024, ASX introduced an optional HIN pricing model, aimed to support sponsoring participants who have transitioned their investors to electronic statements. The HIN pricing model is offered on a subscription basis, for the creation, modification or cancellation of sponsored Holder Identification Numbers (HINs) in CHESS via EIS 201 and EIS 203 messages.
The first scheduled effective date for the new HIN pricing subscription model is 1 August 2024. Sponsoring participants who wish to opt-in to the new HIN subscription model by the first scheduled effective date can do so from 22 July 2024 to 31 July 2024 by filling out and submitting the Appendix J – Opt in-out HIN pricing subscription fee form (available on the ASX Settlement Procedure Guidelines page).
Refer to the section 3.2 HIN pricing subscription model of the Electronic delivery of CHESS holding statements and notifications Technical and Process Factsheet for an overview of the proposed model, the subscription process. For an example application of the HIN pricing subscription model in comparison to the current fee structure, refer to the Issuer Services: HIN Pricing - Subscription model Information paper released in December 2023.
Please contact the issuer services team by email at issuers@asx.com.au if you have any queries relating to the new optional HIN pricing subscription model.