Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

ANNEX Tick size table

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 < 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