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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.

 
  Liquidity bands
Price ranges 0 ≤ Average daily number of transactions < 10 10 ≤ Average daily number of transactions < 80 80 ≤ Average daily number of transactions < 600 600 ≤ Average daily number of transactions < 2 000 2 000 ≤ Average daily number of transactions < 9 000 9 000 ≤ Average daily number of transactions
Liquidity band 1 2 3 4 5 6
0 ≤ price < 0,1 0,0005 0,0002 0,0001 0,0001 0,0001 0,0001
0,1 ≤ price < 0,2 0,001 0,0005 0,0002 0,0001 0,0001 0,0001
0,2 ≤ price < 0,5 0,002 0,001 0,0005 0,0002 0,0001 0,0001
0,5 ≤ price < 1 0,005 0,002 0,001 0,0005 0,0002 0,0001
1 ≤ price < 2 0,01 0,005 0,002 0,001 0,0005 0,0002
2 ≤ price < 5 0,02 0,01 0,005 0,002 0,001 0,0005
5 ≤ price < 10 0,05 0,02 0,01 0,005 0,002 0,001
10 ≤ price < 20 0,1 0,05 0,02 0,01 0,005 0,002
20 ≤ price < 50 0,2 0,1 0,05 0,02 0,01 0,005
50 ≤ price < 100 0,5 0,2 0,1 0,05 0,02 0,01
100 ≤ price < 200 1 0,5 0,2 0,1 0,05 0,02
200 ≤ price < 500 2 1 0,5 0,2 0,1 0,05
500 ≤ price < 1 000 5 2 1 0,5 0,2 0,1
1 000 ≤ price < 2 000 10 5 2 1 0,5 0,2
2 000 ≤ price < 5 000 20 10 5 2 1 0,5
5 000 ≤ price < 10 000 50 20 10 5 2 1
10 000 ≤ price < 20 000 100 50 20 10 5 2
20 000 ≤ price < 50 000 200 100 50 20 10 5
50 000 ≤ price 500 200 100 50 20 10
 

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.
 

Shares distribution by liquidity band

Symbol  ISIN Liquidity band Symbol  ISIN Liquidity band
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