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LIS and tick table - Updates

This page lists the Market Notices issued by Borsa Italiana and referring to yearly updates of tick size table and Large-In-Scale threshold for the shares listed on Borsa Italiana's equity markets, following ESMA's yearly updates of (i) the average daily notional turnover (ADNT) and (ii) the average daily number of transactions on the most relevant market for the share. This page also covers the updates of these parameters in case of a decision of Borsa Italiana, or in case of unscheduled updates of FITRS data (Financial Instruments Transparency Reference System), issued by ESMA.

For other changes of these trading parameters (following corporate actions, the end of the first four weeks of trading for new listings etc.), please refer to Borsa Italiana's daily reference data and related Market Notices.

Latest updates:

Liquidity, tick size table, LIS (yearly review)	Notice n. 12114 dated 25 March 2024 (effective from 2 April 2024) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VIEW PDF Annex: VIEW xlsx
Liquidity, tick size table, LIS (yearly review)	Notice n. 10320 dated 20 March 2023 (effective from 3 April 2023) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VISUALIZZA PDF Annex: VIEW xlsx
Liquidity, tick size table, LIS (yearly review)	Notice n. 11100 dated 25 March 2022 (effective from 1 April 2022) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VIEW PDF Annex: VIEW xlsx
Liquidity, tick size table, LIS (yearly review)	Notice n. 9420 dated 25 March 2021 (effective from 1 April 2021) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VIEW PDF Annex: VIEW xlsx
Liquidity, tick size table, LIS (yearly review)	Notice n. 7114 dated 24 March 2020 (effective from 1 April 2020) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VIEW PDF Annex: VIEW xlsx
Liquidity, tick size table, LIS (Update)	Notice n. 19926 dated 27 September 2019 (effective from 30 September 2019) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VIEW PDF
Tick size table	Notice n. 14771 dated 8 July 2019 (effective from 9 July 2019) "Update of trading parameters (tick size table)" Notice: VIEW PDF
Liquidity, tick size table, LIS (Update)	Notice n. 14593 dated 4 July 2019 (effective from 8 July 2019) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VISUALIZZA PDF Annex: VISUALIZZA xlsx
Liquidity, tick size table, LIS (yearly review)	Notice n. 5777 dated 22 March 2019 (effective from 1 April 2019) "Update of trading parameters (liquid instruments classification, tick table, large-in-scale negotiated transactions)" Notice: VISUALIZZA PDF Annex: VISUALIZZA xls
Tick size table	Notice n. 3321 dated 27 February 2018 (effective from 5 March 2018) "Update of trading parameters (tick size table)" Notice: VIEW PDF Annex: VIEW xlsx
Tick size table	Notice n. 1087 dated 22 January 2018 (effective from 29 January 2018) "Update of trading parameters (tick size table)" Notice: VIEW PDF Annex: VIEW xlsx
Tick size table, LIS	Notice n. 1008 dated 19 January 2018 (effective from 22 January 2018) "Update of trading parameters - Minimum size for Large-In-Scale negotiated transactions (LIS) and tick size table" Notice: VIEW PDF
Tick size table, LIS and EMS	Notice n. 24039 dated 22 December 2017 (effective from 3 January 2018) "Update of trading parameters - Tick table, Large-In-Scale negotiated transactions, EMS" Notice: VIEW PDF Annex: VIEW xlsx