ASX Administration and Risk Terminal User Guide V0.3 INFORMATION CLASSIFICATION - PUBLIC

TABLE OF CONTENTS 1. Introduction 4 1.1. Readership 4 1.2. Document History 4 1.3. Contacts 4 1.4. Accessing ART 4 2. Account Maintenance 7 2.1. Creating an Account 7 2.2. Adding a Member Unit to an Account 8 2.3. Disabling or Enabling an Account 9 2.4. Deleting an Account 10 2.5. Cloning an Account 11 3. Account Limit Maintenance 12 3.1. Applying Limits to an Account 12 3.2. Modifying Limits on an Account 13 3.3. Deleting Limits on Accounts 14 3.4. Viewing the Audit Log 15 4. Bulk Account and Limit Maintenance 17 4.1. Overview 17 4.2. Bulk Deletion of Accounts 18 4.3. Bulk Upload Accounts and Limits Steps 18 5. Shared Order Group Maintenance 20 5.1. Creating a Shared Order Group 20 5.2. Enabling or Disabling a Shared Order Group 23 5.3. Modifying a Shared Order Group 24 5.4. Deleting a Shared Order Group 26 6. Open Order and Position Summary Queries 27 7. Trading Protection Limits 28 7.1. Creating a Settings Group 28 7.2. Modifying Setting Groups 31 7.3. Removing Setting Groups 32 2016 ASX Limited ABN 98 008 624 691 2/35 ASX Terminal Administration and Risk User Guide V0.3

1. Introduction The ASX Administration and Risk Terminal (ART) is designed for the administration of trading accounts and the management of the Pre Trade Risk settings for participant accounts on the ASX24 market. For all ASX24 Trading Participants, ART is mandatory to administer. 1.1. Readership This document is relevant to the individuals who are responsible for the administration of the accounts and limits and pre trade risk settings on the ASX24 market. 1.2. Document History Version Date Description 0.1 2015 First Issue of this document intended for the New Trading Platform roll out 0.2 28-Jan-2016 Updated screenshots and wording based on new version of ART 0.3 08-Apr-2016 - Bulk Account and Limit Maintenance section along with Appendix 1 added - Revised Introduction section - Small edits and screenshot updates based on new version of ART 1.3. Contacts The Trading Operations team operations a 24/6 service desk style support centre for the customers of ASX, providing support coverage. Any questions in relation to ART should be directed to Trading Operations: Email: TradingOperations@asx.com.au Phone Number: +612 9256 0677 1.4. Accessing ART A guide on how to download and install ART is provided on the link below: Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 4/35

http://www.asx.com.au/documents/trading_services/asx_admin_and_risk_terminal_installation_guide_cde_v1.1.pdf Once you have downloaded the terminal, to logon to ART, use the logon details supplied by Customer Technical Support (E: CTS@asx.com.au, P: +61 9227 0372). When ART is first opened the Member Admin perspective is displayed. To open the Pre Trade Risk Management (PTRM) perspective: 1 Click the Open Perspective icon. This opens the Open Perspective screen. 2 Select PTRM and click OK. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 5/35

2. Account Maintenance 2.1. Creating an Account To create an account via the PTRM perspective: 1 Click Add in the Account Administration frame. This opens the Add Account dialog box. 2 Add the name of the account in the Name of the new account field and click OK. The new account is now listed in the Accounts column. It is displayed in grey until it has been enabled. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 7/35

3 Right-click the created account and select Enable/Disable. Once the account has been enabled it changes from grey to black. 4 Click Save. The account is now active. 2.2. Adding a Member Unit to an Account To add a member unit to an account: 1 Select the required new account. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 8/35

2 Select the required member unit in the Member Units column. 3 Click Save. 2.3. Disabling or Enabling an Account To disable/enable an account: 1 Select the required account in the Accounts column. 2 Right-click and select Enable/Disable. If an account is disabled, the account changes from black to grey. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 9/35

If an account is enabled, the account changes from grey to black. 3 Click Save. 2.4. Deleting an Account To delete an account: 1 Select the required account to be deleted. 2 Right-click and select Delete. To undo a deletion, click Revert before saving. 3 Click Save. Once Save is selected, the account is permanently deleted. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 10/35

2.5. Cloning an Account To clone an account: 1 Right-click the required account and select Clone. This opens the Add Account dialog box. 2 Enter the name of the new account in the Name of the new account field, and click OK. The new account is added to the Accounts column. 3 Click Save. This saves the clone and all associated limits of the cloned account. Note that a cloned account is automatically active (not greyed out) and does not need to be enabled. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 11/35

3. Account Limit Maintenance 3.1. Applying Limits to an Account Please refer to Appendix 1 for a description of limit types. To apple a set of limits to an account: 1 Select the required account. 2 Double-click the required product from the product column. 3 Enter the required values in the Long net limit, Short net limit and Max order volume fields. 4 Enter the required values in the Delta and Multiplier fields and click Close. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 12/35

Once Close has been clicked, values are added to the selected account and appear in the Products table. To add more limits to an account, double-click the account again and add values as required. 5 Click Save. 3.2. Modifying Limits on an Account To modify the limits on an account: 1 Select the required account. 2 Double-click the required product from the Products table. 3 Modify the values as required, and click Close. 4 Click Save. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 13/35

Once the modification has been saved, the product details are not displayed in the Products table. To see the updated product, reselect the account. The values now appear in the Products table. 3.3. Deleting Limits on Accounts To delete limits on accounts: 1 Select the required account. 2 Right-click on the required product and select Delete. 3 Click Save. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 14/35

4 Click the updated account. Once the updated account has been selected again, the product limit values are removed. The product is now displayed as grey text. 3.4. Viewing the Audit Log To view the audit log for a specific user: 1 Select Reference Data Audit from the tool bar 2 Update User details to choose specific user 3 Select Data type 4 Select Add, Update and/or Remove. Add includes any added account by a user, Update includes any accounts updated by a user and Remove includes any delete action by a user. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 15/35

4. Bulk Account and Limit Maintenance 4.1. Overview PTRM provides users with the option of performing bulk uploads (Additions, Modifications and Deletions) of accounts and limits. A sample of the import file format is: In the screenshot example above, we have Firm DMC requesting to Add, Modify and Delete the relevant accounts and limits. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 17/35

The following cells will remain fixed for all accounts: A1: ACCOUNT. A2 and down: LIMITS. Note, when making changes to multiple accounts via a single spreadsheet, you will need to repeat with the same as row 1 and the relevant inputs. E.g. on the screenshot above, at Row 7, we are adding a new account following the addition of PPP9. A further example can be found in row 13 where we are modifying an existing account PPP2. B1: A (Addition), U (Modify) and X (Deletion). The following columns will need to be input by the participant: C: Account Name D: The Underlying Code E: Long Net Limit F: Short Net Limit G: Max Order Volume H: Delta I: Multiplier 4.2. Bulk Deletion of Accounts Deletion of accounts via the bulk upload functionality does not follow the same approach as bulk additions and modifications. Steps for bulk deletion as follows: 1 List columns A, B, C and D and leave the remaining columns blank. E.g. refer to row 25 in the screenshot above. 2 Process the spreadsheet as per the bulk upload. 3 Via the terminal, delete the account as per section 2.4. 4.3. Bulk Upload Accounts and Limits Steps Here are the steps to bulk upload accounts and limits via PRTM: 1 Select File and Load Account Data Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 18/35

2 Select where the.csv file is located on your local PC and click Open. 3 If errors are contained in the file, a popup will appear with Errors in file, do you want to proceed anyway?. Click Yes or No as appropriate. 4 A Result from updating PTRM data window will appear showing all the successful and rejected uploads via the bulk file. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 19/35

5. Shared Order Group Maintenance 5.1. Creating a Shared Order Group A shared order group can be created in the Member Admin perspective. To create a shared order group: 1 Open the Member Admin perspective. 2 Select Members>[Firm] to expand the tree structure in the Trading Participants frame. In the example below, the firm would be ABC. 3 Right-click Shared Ordergroups>New>Shared Ordergroup. The New Shared Ordergroup window is displayed. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 20/35

4 Enter the name for the new shared order group in the Name field. 5 Enter the owner s user ID in the Owner field. The owner s user ID needs to be an existing ID within the firm. Once the first character of the ID has been entered in the field, all existing IDs beginning with that character are displayed in the drop-down list. Double-click the required ID, or press Enter to select. 6 Enter the user ID in the Users field. Double-click the required ID, or press Enter to select. Additional users can be added as many times as required. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 21/35

7 Add the required values in the filter fields in the Filter frame. Instruments can be added at one of the following levels: Market Add all instruments for an entire market. For example XSFE or NZFX Market List Add products at market list level. For example INDEX (SFE) Instrument All contract types for an individual instrument. For example, AP. Segment Selected contract types for an individual instrument. For example, AP Futures/Options/Spreads. Tradeable instrument Individual contract expiries or strikes of an instrument. For example, APH6/APH6000C. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 22/35

8 Click Finish. The new shared order group appears in the Shared Ordergroups directory structure in a disabled state indicated by a red circle. To enable the new group, see Enabling or Disabling a Shared Order Group below. 5.2. Enabling or Disabling a Shared Order Group To enable a shared order group, right-click the required shared order group and select Enable. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 23/35

To disable a shared order group, right-click the required group and select Disable. 5.3. Modifying a Shared Order Group To modify a shared order group: 1 Select the required shared order group from the Shared Ordergroup directory. The details of the selected shared order group appear on the right of the screen. 2 Modify the shared user group as required. To add a user to a shared order group, click in the Add User field in the Users frame and select the required user from the drop-down list. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 24/35

To remove a user from a shared order group, select the required user and click Remove. Note: Once Remove has been selected the user is permanently removed from the shared order group 3 Click Save. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 25/35

5.4. Deleting a Shared Order Group To delete a shared order group it needs to be in a disabled state. To delete a shared order group: 1 Right-click the required shared order group and select Delete. 2 Click OK. To confirm the deletion of the shared order group, click OK. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 26/35

6. Open Order and Position Summary Queries To query one or more accounts: 1 Open the PTRM perspective in the Exposure view. 2 Click the required search criteria option. Select Exposure for Member and click Send. This displays the overall product positions for all accounts and the member s position limits. Note: This does not continuously update. To update, click Send. Select Exposure for Account to view individual account orders and positions. Enter the account in the Enter filter text field and click Send. The results are displayed at the product level showing account limits and account positions. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 27/35

7. Trading Protection Limits Trading Protection Limits (TPLs) can be applied to products in the Member Admin perspective. 7.1. Creating a Settings Group To create a setting group: 1 Select Trading Protection Limits. 2 Expand the Members directory tree structure to display the firm s pneumonic. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 28/35

3 Right-click the firm mnemonic and select Add Settings Group. 4 Enter the name of the Limit Settings Group in the corresponding field, and click OK. The new Settings Group appears in the Settings Groups column. 5 Select the required segment or tradeable instrument from the Segments and Tradeable Instrument frame. Note: Limits can be only applied either at the segment level or the tradeable instrument level, not both. For example, AP_Futures is a segment and APH6 is a tradeable instrument. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 29/35

6 Enter a value for the maximum deviation in the Max Deviation field, and click Save. Note: The Max Deviation value is points based, and there can only be one value per group. However, there can be multiple segments and/or tradeable instruments. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 30/35

7.2. Modifying Setting Groups To modify an existing Settings group: 1 Select the required Setting Group. 2 Modify the required segments, tradeable instruments and max deviation, and click Save. Note: Changing the Max Deviation value changes the value for all segments and tradeable instruments for the selected Setting Group. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 31/35

7.3. Removing Setting Groups To remove a setting group: 1 Right-click the required Settings Group and select Remove. 2 Click Save. 7.4. Filtering Setting Groups To filter setting groups: 1 Select the required group from the Settings Groups column. 2 Select the required filter option. Select Hide None Selected to view only markets that have TPLs applied. Select Hide Empty Segments to view only segments that have TPLs applied. Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 32/35

8. Appendix Appendix 1 Long Net Limit The aggregate sum of quantities on working buy orders and the long position of traded quantity so far today. The traded position is calculated by netting against the sell trades, but the working buy orders are not netted against working sell orders. e.g. The Long Net Limit is 50. The user has completed 5 buy trades at quantities 2, 25, 14, 5, 7, sum of 53, and 2 sell trades of 10 and 25, sum of 35. The long position is 18 (53-35). There are 2 buy orders at qty 5 each, so the current Long Net Limit calculation is 28. The user can therefore place a further aggregate quantity of 22 in buy orders. Note in the above calculations the working sell orders were ignored. Short Net Limit The aggregate sum of quantities on working sell orders and the short position of traded quantity so far today. The traded position is calculated by netting against the buy trades, but the working sell orders are not netted against working buy orders. Max Order Volume The limit on quantity for a single order, with a system-enforced Maximum of 9999. Delta The Delta option is a factor that can be applied to reduce the position weighting of option positions and open option orders. Acceptable values are between 0 and 1 with a default of 1. Multiplier The multiplier is a factor that can be applied to open orders in 1:1 intra-commodity spreads. This factor can be used to increase the permitted long and short open order quantity in calendar spread strategies. Acceptable values are between 0 and 1 with a default value of 1. Trading Protection Limits (TPLs) TPL limits are setup via a Settings Group, each group applies to a list of segments or tradeable instruments for a particular member unit. The single limit type that can be applied to a settings group is Max Deviation. This is the limit on the distance a new order can be away from last trade, prior settlement price, or best bid/ask. Please refer to the Reference Price decision tree below. This is specified in absolute price units, not ticks. e.g. 0.05 max deviation would mean a new buy order price on YTM6 cannot exceed 98.11 when the last trade price level is 98.06 and last is inside the best bid/ask. Reference Price Decision Tree Reference Price is calculated as follows: 1. Last Traded Price Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 33/35

- If Last Traded Price is outside the BBO, it is adjusted to Best Bid or Best Offer if more competitive. e.g. Best Bid is 98, Best Ask is 102 If LTP is 97, Ref Price is adjusted to 98 If LTP is 105, Ref Price is adjusted to 102 - If there is no LTP, move to step 2 2. Adjusted Closing Price of the night session - This step is for dual session products where adjusted closing price is newer than the prior settlement price - If Closing is away from the BBO, Ref Price is adjusted to Best Bid or Offer if more competitive - If there is no closing price, move to step 3. 3. Prior Settlement Price - If Prior Settlement Price is away from the BBO, Ref Price is adjusted to Best Bid or Offer if more competitive Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 34/35

Information Classification Public Disclaimer This document provides general information only and may be subject to change at any time without notice. ASX Limited (ABN 98 008 624 691) and its related bodies corporate ( ASX ) makes no representation or warranty with respect to the accuracy, reliability or completeness of this information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way, including by way of negligence, from or in connection with any information provided or omitted, or from anyone acting or refraining to act in reliance on this information. The information in this document is not a substitute for any relevant operating rules, and in the event of any inconsistency between this document and the operating rules, the operating rules prevail to the extent of the inconsistency. ASX Trade Marks The trade marks listed below are trade marks of ASX. Where a mark is indicated as registered it is registered in Australia and may also be registered in other countries. Nothing contained in this document should be construed as being any licence or right to use of any trade mark contained within the document. ASX Copyright 2015 ASX Limited ABN 98 008 624 691. All rights reserved 2015 35/35