Market Notice 76/19 – Spotlight Stock Market – Yearly update of tick-size bands in accordance with MiFID II - Correction
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