Tick Size and Trading Lots

Tick size

The smallest tick size is the minimum price rate set for a security by which the broker (investor) can alter the transaction orders and buy confirmations displayed in the trading system.

MiFID II tick size table 

 

Liquidity band

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 < 2000

2000 ≤ Average daily number of transactions < 9000

9000 ≤ Average daily number of transactions

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 < 1000

5

2

1

0.5

0.2

0.1

1000 ≤ price < 2000

10

5

2

1

0.5

0.2

2000 ≤ price < 5000

20

10

5

2

1

0.5

5000 ≤ price < 10000

50

20

10

5

2

1

10000 ≤ price < 20000

100

50

20

10

5

2

20000 ≤ price < 50000

200

100

50

20

10

5

50000 ≤ price

500

200

100

50

20

10 

 

Trading lots

The minimum lot is the minimum quantity set for each security which may be entered in the trading system as a transaction order. The minimum lot for securities is one, hence even the smallest order can be entered in the trading system.