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Q&A · ESMA

Minimum tick size regime under Article 49 of MiFID II - Pre-trade transparency waivers

Answered
Read the official text on the ESMA website(opens in a new tab)
AI-generated Summary

The minimum tick size regime applies to all orders on trading venues, including resting limit orders and orders in order management systems, but not to trades under the reference price waiver, negotiated transactions, or large-in-scale orders matched at the mid-point.

Details

ReferenceESMA_QA_1493
IssuerESMA
Published6 Apr 2021
Answered6 Apr 2021
Submitted6 Apr 2021
ESMA topicsTick size regime
Earlier Q&A documentESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 4.6