To increase the effectiveness of equity market microstructure, MOEX establishes the new tick size and Decimals parameter for the following stocks starting 1st November 2024 in the following trading modes:
- Main trading mode Т+ ("Т+1" order book)
- Odd lots trading mode
- IIR sector* — Main trading mode Т+
- Negotiated trades mode (NTM)
- NTM with CCP trading mode
- IIR sector — NTM trading mode
- IIR sector — NTM with CCP trading mode
The new approach to setting the tick size was approved by the MOEX Securities Market committee.
The methodology includes:
- The tick size equals (1,2,5)*10N, where N – integer;
- Increasing the number of price ranges to 25, and the ranges of liquidity - up to 7;
- For each liquidity range a recommended range price tick sizes in the spread is established;
- The maximum allowed relative tick size – 1%
* Sector of companies with increased investment risk
Read more on the Moscow Exchange: https://www.moex.com/n74118
