Market Notice 198/19 – Spotlight Stock Market – Update of tick-size bands in accordance with MiFID II
As of July 15, 2019 Spotlight Stock Market will implement new tick-size bands for shares 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 orderbooks affected by the new tick-sizes will be flushed after market close on Friday July 12, 2019.
The tick-size table has six liquidity bands based on the average daily number of transactions (ADNT) in shares traded on the most relevant market in terms of liquidity, for a share 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 shares and depositary receipts, Spotlight Stock Market will as of July 15, 2019 change the tick-size band for 55 shares, please see a list of the affected instruments in the attached file.
Please note that the orderbooks for the affected instruments will be flushed after market close on Friday, July 12, 2019, and that all other instruments will keep their current tick-size band.
Stockholm July 11, 2019
08-511 68 000