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PAL-47/25 Ljubljanska borza, d. d., Ljubljana Periodic review: determining trading methods, minimum values of block trades and liquidity band 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 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 2025.
1. Classification of securities into trading methods
Periodic review of compliance with liquidity criteria encompassed the period from 1 January 2024 (inclusive) to 31 December 2024 (inclusive) and was carried out on 13 March 2025.
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 periodic review of compliance with liquidity criteria determined that the trading method the trading method will change for two shares. The shares of Equinox d.d. and Relax d.d. will be moved from continuous trading to auction trading.
2. Minimum value of a block trade for shares
The minimum value of a block trade for shares changed to EUR 300,000.00.
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. Ljubljana Stock Exchange
Date: 13.03.2025
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