On the basis of Rules, Trading Instructions, Instructions for the Index, Liquidity Criteria, Price List and Other Statistics, the Ljubljana Stock Exchange (hereafter: LJSE) reviewed securities’ compliance with the liquidity criteria and determined trading methods, and, in line with European legislation and published ESMA data, determined minimum values of block trades and liquidity bands for equities on the regulated market.

The new classification of securities, minimum values of block trades and liquidity bands that determine tick sizes shall apply from 1 April 2024.

1. Classification of securities into trading methods

Periodic review of compliance with liquidity criteria encompassed the period from 1 January 2023 (inclusive) to 31 December 2023 (inclusive) and was carried out on 15 March 2024.

Instructions for the Index, Liquidity Criteria, Price List and Other Statistics determine that the continuous trading method includes the following securities: open-end fund investment coupons, closed-end fund shares, investment certificates, securities with a liquidity provider and all debt securities. The classification of all other securities depends on compliance with the criteria.

The results of the review showing compliance with the criteria for classification into the continuous trading method, are shown in the Attachment.

The review of compliance with liquidity criteria determined that the trading method does not change for any security.   

2. Minimum value of a block trade for shares

The minimum value of a block trade for shares remains EUR 270,000.00.

3. Liquidity bands for equities

New liquidity bands that determine tick sizes for equities, which are traded in Euros, are shown in the Table in the Attachment.