Market Notice 77/23 – Spotlight Stock Market – Update of tick size bands in accordance with MiFID II
As of Monday April 3, 2023, 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. All order books affected by the new tick sizes will be flushed after market close on Friday March 31, 2023. 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