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Market making specifications

Please click here to learn more about market making arrangements.

Market makers have an important role in ensuring that buyers and sellers can transact in markets. Market makers receive incentives from ASX when making markets in accordance with the market making specifications under the applicable schemes. The specifications set out below are a summary of select terms in the market making incentive agreements between ASX and relevant maker makers, and are not intended to be a definitive or comprehensive summary of those agreements.

*All references to time are to Australian Eastern Standard Time or Australian Eastern Daylight Time (as applicable) unless otherwise stated.

Derivative30 day interbank cash rate futures
Current market makers2
Specifications 
  • Time

Generally required to provide continuous two-way quotes:

  • 80% of the time between 8:30am and 4:30pm on any trading day  (calculated over a calendar month)
  • 80% of the time between 5:10pm and 7:00/7:30am on any trading day (calculated over a calendar month)
  • Minimum liquidity
50–150 lots per side
  • Maximum spread
Within a range of 2.5-3 basis points

ASX acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past and present.


Artwork by: Lee Anne Hall, My Country, My People

acknowledgement-of-country