Australian Market Regulation Feed
To facilitate the monitoring of trading activity, each equity market operator is required to establish a network connection into ASIC's Integrated Market Surveillance System (IMSS), and during the course of each trading day, provide a parallel data feed consisting of:
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all orders, trades, and quotes being processed and disseminated by the market’s trading engine, and
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all trading session and security price and status-related messages.
Messaging specification standard
ASIC has developed a standard messaging protocol for the feed, based on FIX (Financial Information Exchange).
This standard, called the Australian Market Regulation Feed, will help ensure that transmission of messages from each market operator to ASIC's IMSS has a consistent structure.
The standard will be progressively rolled out to market operators.
Market participants and other equity market stakeholders may also use the standard specification if desired. Note that the messaging governance is currently in draft.
Specification documents
The standard is defined and governed by the following documents which will be of particular interest to business analysts, systems architects,and developers:
Australian Market Regulation Feed - FIX Specification
This document describes ASIC’s implementation of FIX (Financial Information Exchange) as the underlying messaging protocol for the market regulation feed, and provides information about session and application level messages required for the Australian Market Regulation Feed.
Download the FIX Specification
Australian Market Regulation Feed - FIX Rules of Engagement
This document is an extension to the FIX specification; it does not define FIX concepts and should not be considered as a stand-alone document. It is expected that developers have read and understood the ASIC Market Regulation Feed – FIX Specification and are familiar with FIX 5.0 SP2.
Download the FIX Rules of Engagement
Australian Market Regulation Feed - FIX Message Sequence Guide (draft)
This document is an extension to the FIX specification; it does not define FIX concepts and should not be considered as a stand-alone. It is expected that developers have read and understood the Australian Market Regulation Feed – FIX Specification and are familiar with FIX 5.0 SP2.
Download the draft FIX Message Sequence Guide
Australian Market Regulation Feed - FIX Certification Manual
This document outlines the certification process for the Australian Market Regulation Feed. The certification tests cover a range of functional elements and message scenarios to ensure the market can successfully connect to the ASIC FIX gateway, and reliably provide the required messages in accordance with the Australian Market Regulation Feed – FIX Specification and Message Sequence Guide.