Moscow Exchange increases tick size for FX instruments
OREANDA-NEWS. From 30 May 2016, the Moscow Exchange is increasing the tick size from RUB 0.0010 to RUB 0.0025 for FX spot instruments on USD/RUB, EUR/RUB, GBP/RUB, BYR/RUB, KZT/RUB and UAH/RUB.
The larger tick size was initiated by market participants to facilitate liquidity of the Exchange"s order book.
On 7 April 2016, the FX Market Committee of the Exchange recommended that the tick size is increased from RUB 0.0010 to RUB 0.0025 for FX spot instruments.
The tick size for other spot instruments and swaps remain unchanged.