The Board of Directors of the Colombo Stock Exchange (CSE) have made a decision to change the tick size applicable to equity securities traded on the Automated Trading system (ATS).
The necessary rule changes have been carried out by the CSE to facilitate this change with the approval of the Securities & Exchange Commission of Sri Lanka (SEC).
The tick Change that will take effect has been set out below:
|Value of Share (Rs.)||Tick Size (Rs.)|
|Equal to and less than 100||0.10|
|Value more than 100||0.25|
The change to the tick size will be in effect at the open of trading on January 8, 2021.
In order to facilitate this change, the CSE will cancel all pending orders in the ATS as at end of trading on January 7, 2021. Additionally, the open auction call on January 8, 2021 has been extended from 10.15 am. to 11 am. in order to provide adequate time for orders to be placed on the system.
Colombo Stock Exchange (CSE):
The Colombo Stock Exchange (CSE) operates the only stock market in Sri Lanka and is responsible for providing a transparent and regulated environment where companies and investors can come together.
The CSE is a company that is limited by guarantee established under the Laws of Sri Lanka. The CSE is licensed by the Securities and Exchange Commission of Sri Lanka (SEC) and is a mutual exchange consisting of 15 Members and 15 Trading Members.
All Members and Trading Members are licensed by the SEC to operate as Stockbrokers. For more information, please visit: www.cse.lk.