BVB CHANGES TICK SIZE RULES

UniCredit Bank S.A.
Summary: 
As of 21 September 2015, Bucharest Stock Exchange will implement new tick sizes for all shares, rights and fund units.
Mon, 14/09/2015

Bucharest Stock Exchange (BVB) announced that with effect from 21 September 2015 it will introduce new tick sizes for all shares, rights and fund units. The principles behind the new approach are as follows: instruments with higher liquidity will have lower tick sizes, while instruments with higher prices will have higher tick sizes.

These changes are in line with internationally accepted standards, which will enter into force at European level in January 2017, and aim at improving market quality.

Impact on investors: BVB will modify tick sizes, thus bringing compliance with international standards and increasing market liquidity.