285/20 – Spotlight Stock Market – Update of tick size bands in accordance with MiFID II
As of Tuesday November 24, 2020, Spotlight Stock Market will implement new tick size bands for equity 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 Monday November 23, 2020.
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 instrument (https://www.spotlightstockmarket.com/media/1178/tick-size-hemsidan.pdf).
Based on the ADNT calculations published by ESMA for equity, Spotlight Stock Market will as of Tuesday November 24, 2020 change the tick size band for the 4 instruments listed below.
| ISIN | Short name | Order book ID | MIC | Market segment | ADNT | Current Tick Size Band | New Tick Size Band |
| SE0013888963 | MANDEL | 6JL7 | XSAT | SPSE | 135,9 | 2 | 3 |
| SE0014262887 | BIOF | 6KTQ | XSAT | SPSE | 780,7 | 2 | 4 |
| SE0014428447 | ESGR B | 75AU | XSAT | SPSE | 82,1 | 2 | 3 |
| SE0014704763 | SPGR | 73MV | XSAT | SPSE | 116,5 | 1 | 3 |
Please note that the orderbooks for the affected instruments will be flushed after market close on Monday November 23, 2020. All other instruments will keep their current tick size band.
Stockholm November 19, 2020
Spotlight
08-511 68 000
trading@spotlightstockmarket.com