Market Notice 75/19 – Spotlight Stock Market – Yearly update of tick-size bands in accordance with MiFID II

Spotlight Stock Market will implement new tick-size bands for shares and depositary receipts following the yearly 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 today Friday March 29, 2019.

The tick-size table has six liquidity bands based on the average daily number of transactions (ADNT) and the first four weeks of trading (FFWK) in new shares executed on the most relevant market in terms of liquidity, for a share or depositary receipt. Each affected instrument is placed in one of 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 and FFWK estimates published by ESMA for the traded shares and depositary receipts Spotlight Stock Market will as of April 1, 2019 change the tick-size band for 11 shares, please see a list of the affected instrument in the attached file.

ESMA has published ADNT and FFWK estimates for some traded shares and depositary receipts. Please see a complete list in the attached files for the ADNT and FFWK estimates and liquidity bands that will be implemented from April 1, 2019. Spotlight Stock Market has requested a recount from ESMA for the rest of the instruments listed on Spotlight Stock Market as this information was not published. If the recount results in any further changes, this information will be published as soon as it becomes available.

Please note that the orderbooks for the affected instruments will be flushed after market close today, March 29, 2019, and that all other equity-like instruments will keep their current tick-size table.

Stockholm March 29, 2019

Spotlight
08-511 68 000
info@spotlightstockmarket.com