From 1 September 2009, the Luxembourg Stock Exchange will move to a new set of tick sizes.
This move is in the context of an initiative taken by the Federation of European Securities Exchanges (FESE), the London Investment Banking Association (LIBA) and market participants to harmonise tick sizes in European markets.
Tick sizes are the minimum increments by which the price of a financial instrument is allowed to move up or down. Prior to this initiative, there existed around 25 different regimes for tick sizes in Europe. Simplified and harmonised tick sizes in European stock exchanges and MTFs (multilateral trading facilities) should bring benefits to the markets, users and investors.
Exchanges and MTFs have agreed to use two of four proposed tick size tables for equities. Consequently, the Luxembourg Stock Exchange has chosen to modify its equities tick size table named “Index 10” (see below). These new tick sizes will apply to both markets operated by the Luxembourg Stock Exchange: the BdL market and the Euro MTF, and more specifically to the share trading groups.
Price from | To | Tick size |
€ 0 | € 9.999 | € 0.001 |
€ 10.000 | € 49.995 | € 0.005 |
€ 50.000 | € 99.99 | € 0.01 |
€ 100.00 | € 0.05 |