Tick size regime for shares

Since 2 January 2018 the Zagreb Stock Exchange has introduced the tick size regime for shares in accordance to the provisions of the Commission Delegated Regulation (EU) 2017/588 of 14 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards on the tick size regime for shares, depositary receipts and exchange-traded funds.

Calculation of average daily number of transactions for each particular share was done by the European Securities and Markets Authority (ESMA and it was published at the ESMA's Internet pages:
https://www.esma.europa.eu/policy-activities/mifid-ii-and-mifir/transparency-calculations


In the table below the average daily number of transactions and the liquidity band for each particular shares are displayed. The tick sizes of the liquidity band will be applied from 2 January 2018 till 31 March 2019.


Calculation of average daily number of transactions is performed annualy and the results are published by 1 March and the the tick sizes of the liquidity band are applied from 1 April.


On every change of the liquidity band the XETRA trading platform will automatically withdraw all open orders for that particular share.

Liquidity bands

Price ranges0 ≤ Average daily number of transactions < 1010 ≤ Average daily number of transactions < 8080 ≤ Average daily number of transactions < 600600 ≤ Average daily number of transactions < 2 0002 000 ≤ Average daily number of transactions < 9 0009 000 ≤ Average daily number of transactions
Liquidity band123456
0 ≤ price < 0,10,00050,00020,00010,00010,00010,0001
0,1 ≤ price < 0,20,0010,00050,00020,00010,00010,0001
0,2 ≤ price < 0,50,0020,0010,00050,00020,00010,0001
0,5 ≤ price < 10,0050,0020,0010,00050,00020,0001
1 ≤ price < 20,010,0050,0020,0010,00050,0002
2 ≤ price < 50,020,010,0050,0020,0010,0005
5 ≤ price < 100,050,020,010,0050,0020,001
10 ≤ price < 200,10,050,020,010,0050,002
20 ≤ price < 500,20,10,050,020,010,005
50 ≤ price < 1000,50,20,10,050,020,01
100 ≤ price < 20010,50,20,10,050,02
200 ≤ price < 500210,50,20,10,05
500 ≤ price < 1 0005210,50,20,1
1 000 ≤ price < 2 000105210,50,2
2 000 ≤ price < 5 00020105210,5
5 000 ≤ price < 10 000502010521
10 000 ≤ price < 20 00010050201052
20 000 ≤ price < 50 0002001005020105
50 000 ≤ price500200100502010

 

Shares distribution by liquidity band

Symbol

 ISIN

Liquidity band

Symbol

 ISIN

Liquidity band

Calculation of average daily number of transactions for each particular share was done by the European Securities and Markets Authority (ESMA and it was published at the ESMA's Internet pages:
https://www.esma.europa.eu/policy-activities/mifid-ii-and-mifir/transparency-calculations

In the table below the average daily number of transactions and the liquidity band for each particular shares are displayed. The tick sizes of the liquidity band will be applied from 2 January 2018 till 31 March 2019.

Calculation of average daily number of transactions is performed annualy and the results are published by 1 March and the the tick sizes of the liquidity band are applied from 1 April.

On every change of the liquidity band the XETRA trading platform will automatically withdraw all open orders for that particular share.
 

SymbolISINLiquidity band
NEXEHRNEXERA00091