Australia's ASX Prepares for Negative Interest-Rate Trading
- Exchange has been investigating impact of zero interest rates
- Aussie 3-year bond yield fell to record-low 0.883% in June
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Australia’s ASX Ltd. is testing its systems for the trading of negative interest-rate products, underscoring how markets are preparing for the potential introduction of quantitative easing in yet another Group-of-10 nation.
The exchange has made available trial environments so market participants can test their processes for interest-rate futures prices that are greater than or equal to 100.00, according to a July 10 market notice. The firms taking part include JPMorgan Securities Australia Ltd, Goldman Sachs Australia Pty and HSBC Bank Australia Ltd.