Q&A · ESMA
Order book - Tick size regime
Answered
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When an instrument's minimum tick size increases, trading venues decide and disclose how orders already on the book are treated (for example cancelled or amended), but must enforce the new tick size for orders submitted afterwards.
Details
| Reference | ESMA_QA_1629 |
|---|---|
| Issuer | ESMA |
| Published | 19 Dec 2016 |
| Answered | 19 Dec 2016 |
| Submitted | 19 Dec 2016 |
| ESMA topics | Tick size regime |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 4.7 |
Provisions it relates to
- Article 49 MiFID II · Tick sizesInferred · 90%
- MiFID II (whole act)Explicit reference