The aggregator is set for launch in January 2012.
The aggregator is a form of MTF (Multilateral Trading Platform), which will aggregate all orders within the Primary Offset Markets as well as Secondary Voluntary Markets.
PCA is currently under development, but the key delivery objectives are as follows:
- Provide a firmer framework for transactions
- Increase Price and Contract Transparency
- Increase Price Stability
- Increase Price Consistency
- Increase Market Liquidity
- Provide Global Reach for Market Participants
- Improve Cross-Continent Communications for Market Participants
- Increase the Commercial Efficiency of the market (Prices and/or Volume)
- Reduce the frictional costs of transacting in the primary market
- Increase the speed at which transactions can be carried out when required