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Tick size regime for shares
Since 2 January 2018 the Zagreb Stock Exchange has introduced the tick size regime for shares in accordance to the provisions of the Commission Delegated Regulation (EU) 2017/588 of 14 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards on the tick size regime for shares, depositary receipts and exchange-traded funds.


  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 < 2 000 2 000 ≤ Average daily number of transactions < 9 000 9 000 ≤ Average daily number of transactions
Liquidity band 1 2 3 4 5 6
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 < 1 000 5 2 1 0,5 0,2 0,1
1 000 ≤ price < 2 000 10 5 2 1 0,5 0,2
2 000 ≤ price < 5 000 20 10 5 2 1 0,5
5 000 ≤ price < 10 000 50 20 10 5 2 1
10 000 ≤ price < 20 000 100 50 20 10 5 2
20 000 ≤ price < 50 000 200 100 50 20 10 5
50 000 ≤ price 500 200 100 50 20 10
 

Calculation of average daily number of transactions on the most relevant market for each particular share was done by the competent authority and it is published at the Internet pages of European Securities and Markets Authority (ESMA): https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_fitrs_equities

In the table below the average daily number of transactions and the liquidity band for each particular shares are displayed.

The tick sizes of the liquidity band will be applied from 1 April 2019 till 31 March 2020.

On every change of the liquidity band the XETRA trading platform will automatically withdraw all open orders for that particular share.


 

Shares distribution by liquidity band

Symbol  ISIN Liquidity band Symbol  ISIN Liquidity band
VART HRVARTR10005 1 PODR HRPODRRA0004 2
BD62 HRBD62RA0004 1 KRAS HRKRASRA0008 1
RIVP HRRIVPRA0000 2 PLAG HRPLAGRA0003 1
KABA2 HRKABAPA0008 1 LRH HRLRH0RA0007 1
ARNT HRARNTRA0004 1 ZTNJ HRZTNJRA0005 1
ATPL HRATPLRA0008 2 HIMR HRHIMRRA0001 1
CROS HRCROSRA0002 1 CROS2 HRCROSPA0004 1
JDPL HRJDPLRA0007 1 JLSA HRJLSARA0007 1
HBRL HRHBRLRA0009 1 ZABA HRZABARA0009 1
KOEI HRKOEIRA0009 1 JNAF HRJNAFRA0000 1
PBZ HRPBZ0RA0004 1 DLKV HRDLKVRA0006 2
BDMR HRBDMRRA0002 1 SLPF HRSLPFRA0004 1
KABA HRKABARA0006 1 HMAM HRHMAMRA0004 1
KODT HRKODTRA0007 1 KODT2 HRKODTPA0009 1
ERNT HRERNTRA0000 2 THNK HRTHNKRA0004 2
CRAL HRCRALRA0005 1 PTKM HRPTKMRA0005 1
ADPL HRADPLRA0006 2 AUHR HRAUHRRA0009 1
ZPKL HRZPKLRA0008 1 LKRI HRLKRIRA0007 1
HUPZ HRHUPZRA0002 1 PLAG2 HRPLAGPA0005 1
LURA HRLURARA0003 1 FNVC HRFNVCRA0002 1
LEDO HRLEDORA0003 3 JMNC HRJMNCRA0009 2
KOSK HRKOSKRA0009 1 KOSK2 HRKOSKPA0001 1
MDKA HRMDKARA0000 1 KBZ HRKBZ0RA0005 1
IGH HRIGH0RA0006 1 IKBA HRIKBARA0008 1
HMST HRHMSTRA0007 1 VJSN HRVJSNRA0000 1
ILRA HRILRARA0009 1 ADRS HRADRSRA0007 1
ADRS2 HRADRSPA0009 2 HDEL HRHDELRA0002 1
RIZO HRRIZORA0007 1 DALS HRDALSRA0003 1
ELPR HRELPRRA0006 1 TISK HRTISKRA0008 1
HPDG HRHPDGRA0006 1 AMDN HRAMDNRA0007 1
SLRS HRSLRSRA0007 1 DTR HRDTR0RA0009 1
ULPL HRULPLRA0002 1 KTKS HRKTKSRA0004 1
NVBA HRNVBARA0008 1 HTCP HRHTCPRA0002 1
ULJN HRULJNRA0008 1 TRFM HRTRFMRA0000 1
PUNT HRPUNTRA0002 1 IPKK HRIPKKRA0000 1
ZVZD HRZVZDRA0003 1 MAIS HRMAISRA0007 1
BRNK HRBRNKRA0002 1 LKPC HRLKPCRA0005 1
HPB HRHPB0RA0002 1 VPIK HRVPIKRA0007 1
PUNT2 HRPUNTPA0004 1 INGR HRINGRRA0001 1
VIRO HRVIRORA0001 1 TRMD HRTRMDRA0002 1
INA HRINA0RA0007 1 ATLN HRATLNRA0000 1
JDOS HRJDOSRA0001 1 3MAJ HR3MAJRA0002 1
ACI HRACI0RA0000 1 AGMM HRAGMMRA0005 1
BLKL HRBLKLRA0000 1 BLJE HRBLJERA0002 2
BRIN HRBRINRA0006 1 CKML HRCKMLRA0008 1
CTKS HRCTKSRA0004 1 DDJH HRDDJHRA0007 2
DUPM HRDUPMRA0001 1 HBVD HRHBVDRA0003 1
HHLD HRHHLDRA0009 1 HJDR HRHJDRRA0001 1
HTPK HRHTPKRA0002 1 HTPO HRHTPORA0008 1
HZVG HRHZVGRA0002 1 IMZV HRIMZVRA0003 1
JDGT HRJDGTRA0000 1 JDRF HRJDRFRA0003 1
JDTC HRJDTCRA0004 1 KMSK HRKMSKRA0001 1
KOES HRKOESRA0007 1 KOKA HRKOKARA0009 1
KTJV HRKTJVRA0002 1 LPLH HRLPLHRA0009 1
MIV HRMIV0RA0005 1 MRSK HRMRSKRA0004 1
PDBA HRPDBARA0008 1 PIKR HRPIKRRA0003 1
PIVK HRPIVKRA0007 1 PLCH HRPLCHRA0000 1
PLJK HRPLJKRA0008 1 SAPN HRSAPNRA0007 1
SNBA HRSNBARA0003 1 SPVA HRSPVARA0007 1
TKPR HRTKPRRA0000 1 TNKC HRTNKCRA0009 1
TUHO HRTUHORA0001 1 ZVCV HRZVCVRA0008 1
HVDC HRHVDCRA0002 1 FMPS HRFMPSRA0003 1
MGMA HRMGMARA0005 1 OLVD HROLVDRA0002 1
ISTR HRISTRRA0001 1 HT HRHT00RA0005 2
ATGR HRATGRRA0003 1 OPTE HROPTERA0001 1
QUNE HRQUNERA0008 1 VLEN HRVLENRB0001 1
VDZG HRVDZGRA0006 1 HZLA HRHZLARA0000 1
TPNG HRTPNGRA0000 1 GRNL HRGRNLRA0006 1
ZB HRZB00RA0003 1 LRHC HRLRHCRA0008 1
SUKC HRSUKCRA0001 1 JDRN HRJDRNRB0002 2
STJD HRSTJDRA0006 1