What is an ASX Clearing Participant?

An ASX clearing participant refers to a member or a firm that is authorised to clear transactions through the clearinghouse operated by the Australian Securities Exchange (ASX).

These participants play a crucial role in the financial markets by facilitating the clearing, settlement, and risk management of trades executed on the ASX. They are responsible for ensuring the smooth and efficient functioning of the market and maintaining the integrity of the clearing and settlement process.

Webull Securities (Australia) Pty Ltd is currently a Trading Participant of the ASX and Cboe.