MiFID II prescribes a new tick regime which places instruments into liquidity bands based on their Average Daily Number of Transactions (ADNT). The National Competent Authority will publish the ADNT values for instruments for which they are the most relevant market.
Equiduct will apply all of the necessary changes in line with the Primary Markets which is expected to be after market close on 29th December 2017 effective 2nd January 2018.
Equiduct will be able to publish the new tick sizes applicable to each instrument in our trading universe once ESMA make the necessary announcement.
