Q&A · ESMA
Mandatory tick size regime for orders and quotes
Answered
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The mandatory minimum tick size under Article 49 MiFID II and RTS 11 applies to both orders and quotes, whatever the trading system, to keep a level playing field between venues.
Details
| Reference | ESMA_QA_1632 |
|---|---|
| Issuer | ESMA |
| Published | 15 Nov 2017 |
| Answered | 15 Nov 2017 |
| Submitted | 15 Nov 2017 |
| ESMA topics | Tick size regime |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 4.10 |
Provisions it relates to
- Article 49 MiFID II · Tick sizesInferred · 95%
- MiFID II (whole act)Explicit reference