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:

  • all orders, trades, and quotes being processed and disseminated by the market’s trading engine, and

  • 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.

Download the FIX Certification Manual

Australian Market Regulation Feed - FIX Specification Governance

This document describes the governance that is to be applied to the management of the Australian Market Regulation Feed Specification, including ASIC or other stakeholder-initiated requests for changes

Download the FIX Specification Governance

Report suspicious activity

If you are a market participant and you see or suspect market misconduct you must notify ASIC

Lodge a suspicious activity report

What's new

IC bans client adviser for trading in 'MINI' warrants

13 April 2018

Read the media release

South Australian day trader sentenced for market manipulation

10 April 2018

Read the media release

Updated guidance on client money

4 April 2018

Read the media release

More media releases on markets

Subscribe for updates

For the latest market news subscribe to our monthly newsletter.

MECS portal

The market entity compliance system (MECS) provides market entities with tools and information to assist with compliance.

Login to MECS

Last updated: 26/02/2018 04:27