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28.07.2015 19:00

Tick size change on the Equity & Bond Market from 3 August

Starting on 3 August, the Moscow Exchange will set new price ticks for following securities at its quarterly review.

Ticker Issuer Type* ISIN

Tick size, RUB.
(before 03.08.2015)

Tick size, RUB.
(from 03.08.2015)
APTK Apteki 36,6 CS 1-01-07335-A 0,01 0,05
BLNG Belon CS 1-06-10167-F 0,005 0,01
DASB Dagestan energosbyt. company CS 1-01-55094-E 0,0001 0,0005
DZRD DZRD CS 1-01-02677-A 1 5
IDVP PAO "INVEST-DEVELOPMENT" CS 1-01-15857-A 0,1 1
MUGS Murmanskaya TEC CS 1-01-55148-E 0,0001 0,0005
MUGSP Murmanskaya TEC PS 2-01-55148-E 0,0005 0,001
PLZL Polus Zoloto CS 1-01-55192-E 0,5 5
PSBR Promsvyazbank PAO CS 10203251B 0,00001 0,0001
RLMN Rollman GK CS 1-01-05257-D 0,5 1
RTKMP Rostelecom PS 2-01-00124-A 0,01 0,1
RUGR Rusgrain Holding CS 1-02-50043-H 0,01 0,05
SELG Seligdar CS 1-01-32694-F 0,005 0,01
STSBP StavropolEnergoSbyt PS 2-01-50119-A 0,0001 0,0005
TRNFP Transneft PS 2-01-00206-A 10 100
UTSY "Edinie Tehno Sistemi" PAO CS 1-01-05281-D 0,0005 0,005
RU000A0JC5V1 ARSAGERA ASSET MANAGEMENT MF 0402-75409534 5 10
RU000A0JUS03 Sberbank Asset Management MF 2788 0,1 1
RU000A0JUZV6 Fortraid MF 0036 0,1 1
RU000A0JUZW4 Fortraid MF 0037 0,1 1
RU000A0JV7X0 Succesful asset management company of the Republic of Tatarstan MF 2798 1 5

*CS-common stock, PS-preferred stock, MF- closed-end mutual fund unit

 This will affect the following trading modes:

  1. T+2 Central order book;
  2. Odd lots;
  3. Dark pools;
  4. Central order book for D Equities;
  5. Negotiated trading mode(NTM);
  6. D-equities – NTM
  7. NTM with CCP

The move aims to improve the order book structure, in particular to boost trading activity, increase volume of bids/asks at the best order book prices and thereby reduce costs on filling large orders.

To determine the price tick, the security"s liquidity is taken into account in addition to its price. This allows the spread between the best bid and best ask to be narrowed, the time for orders to be filled at the best price to be reduced, and encourages investors to enter limit orders in the exchange order book. Improvement of the order book quality broadens the range of securities available for use with algorithmic strategies.

The price ticks are to be reviewed quarterly from the second quarter of 2015.

The price tick method employed by Moscow Exchange was adopted by the MICEX SE"s Equity & Bond Market Committee on 27 June 2014.

For further information, please contact the Public Relations Department at (495) 363-3232

Material on Tick size change

 

For further information, please contact the Public Relations Department at (495) 363-3232.

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