Schedule Update

BATS Europe Tick Size update for Monday 21st Feb, 2011

February 07, 2011 15:38:49

Dear BATS Europe Participants,

Effective Monday 21st February 2011, in conjunction with other European market centres, BATS Europe will amend tick sizes for Milan-listed instruments as follows:

Current Tick Tables:

Table 1 - FTSE MIB HLS stocks
Price Range, Tick Size
, - , - , 0.9999 , 0.0001
, 1, - , 4.9995 , 0.0005
, 5 , - , 9.9990 , 0.0010
, 10 , - , 49.9950 , 0.0050
, 50, - , 99.9900 , 0.0100
, 100, - , 499.9500 , 0.0500
, 500 , - , 999.9000 , 0.1000
, 1,000 , - , 4,999.5000 , 0.5000
, 5,000, - , 9,999.0000 , 1.0000
, 10,000+ , - , , 5.0000

mtaa Table All other Milan listings
Price Range, Tick Size
, -, -, 0.0024, 0.0001
, 0.25, -, 0.9995, 0.0005
, 1 , -, 1.9990, 0.0010
, 2 , -, 4.9975, 0.0025
, 5 , -, 9.9950, 0.0050
, 10+, -, , 0.0100

New Table 2b, effective 21st February 2011:

Table 2b All Milan listings
Price Range, Tick Size
, -, -, 0.4999, 0.0001
, 0.5, -, 0.9995, 0.0005
, 1 , -, 1.9990, 0.0010
, 2 , -, 4.9980, 0.0020
, 5 , -, 9.9950, 0.0050
, 10 , -, 49.9900, 0.0100
, 50 , -, 99.9500, 0.0500
, 100 , -, 499.9000, 0.1000
, 500 , -, 999.5000, 0.5000
, 1,000 , -, 4,999.0000, 1.0000
, 5,000 , -, 9,995.0000, 5.0000
, 10,000, , 19,990.000, 10.0000
, 20,000, , 29,980.000, 20.0000
, 30,000, , 39,970.000, 30.0000
, 40,000, , 49,960.000, 40.0000
, 50,000, , 59,950.000, 50.0000
, 60,000, , 69,940.000, 60.0000
, 70,000, , 79,930.000, 70.0000
, 80,000, , 89,920.000, 80.0000
, 90,000, , 99,910.000, 90.0000
, 100,000+ , , , 100.0000

These changes will be reflected in the Symbol Reference Data File and Tick Reference Data Fileas of Monday February 21st 2011, however, these changes will be available in advance in the BATS Europe Certification Environment as of Monday 14th February, 2011.

Please contact the Trade Desk or your Account Manager if you have any questions.