Market Notice 57/24 – Spotlight Stock Market - Update of tick size bands in accordance with MiFID II
As of April 1, 2024, Spotlight Stock Market will implement new tick size bands for equity and depositary receipts following an update from the European Securities and Markets Authority (ESMA) based on the requirements in MiFID II and the Delegated Regulation (EU) 2017/588. The tick size table has six liquidity bands based on the average daily number of transactions (ADNT) in instruments traded on the most relevant market in terms of liquidity, for equity or depositary receipt. Each affected instrument is placed in one of the six liquidity bands, defining the minimum tick size for that