European exchanges, MTFs agree to harmonise "tick sizes"

07/1/2009 | Financial Times (tiered subscription model)

Stock exchanges and multilateral trading facilities across Europe appear to have resolved a dispute by agreeing to coordinate "tick sizes", the increments by which share prices can fluctuate. The MTFs, including Turquoise, Chi-X and BATS Europe, argued that dozens of tick-size regimes made operating a pan-European trading platform difficult.

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