Ljubljanska borza, d. d., Ljubljana
Periodic review: determining trading methods, minimum values of block trades and tick size for the regulated market
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 tick size for equities on the regulated market. The new classification of securities, minimum values of block trades and tick size shall apply from 1 April 2019
1. Classification of securities into trading methods
Periodic review of compliance with liquidity criteria encompassed the period from 1 March 2018 (inclusive) to 28 February 2019 (inclusive) and was carried out on 8 March 2019.
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 changes in the following cases:
- Shares of company Mercator, d. d. (MELR) are transferred from continuous to auction trading method.
- Shares of company Salus, Ljubljana, d. d. (SALR) are transferred from continuous to auction trading method.
2. Minimum value of a block trade for equities
The minimum value of a block trade for equities remains EUR 130,000.00.
3. Tick size in equities
New tick size in equities, which are listed in Euros, are shown in the Table in the Attachment.
Ljubljana Stock Exchange