01-04-2022 15:59
Equiduct has received updated transparency calculation information for UK instruments. Stocks that have been affected by the changes in tick size bands will have the orders purged from the book following market close on 01 April 2022.
UK Instruments that are affected by the order book purge can be found here. Where orders have been expired clients can expect to see the message ‘Expired due to price changing corporate action’ at system start up on 04 April 2022.
These new tick size bands will take effect on 04 April 2022. Any Limit and Stop Limit orders entered on 04 April 2022 that do not conform to the new tick sizes will be rejected with message ‘Invalid price XXX (tick size XX)’.