Orders large in scale compared with normal market size, standard market sizes and deferred publications and delays
Table 1
Orders large in scale compared with normal market size for shares and depositary receipts
Average daily turnover (ADT) in EUR | ADT < 50 000 | 50 000 ≤ ADT < 100 000 | 100 000 ≤ ADT < 500 000 | 500 000 ≤ ADT < 1 000 000 | 1 000 000 ≤ ADT < 5 000 000 | 5 000 000 ≤ ADT < 25 000 000 | 25 000 000 ≤ ADT < 50 000 000 | 50 000 000 ≤ ADT < 100 000 000 | ADT ≥ 100 000 000
Minimum size of orders qualifying as large in scale compared with normal market size in EUR | 15 000 | 30 000 | 60 000 | 100 000 | 200 000 | 300 000 | 400 000 | 500 000 | 650 000
Table 2
Orders large in scale compared with normal market size certificates and other similar financial instruments
Average daily turnover (ADT) in EUR | ADT < 50 000 | ADT ≥ 50 000
Minimum size of orders qualifying as large in scale compared with normal market size in EUR | 15 000 | 30 000
Table 3
Average value of transactions (AVT) in EUR | AVT < 20 000 | 20 000 ≤ AVT < 40 000 | 40 000 ≤ AVT < 60 000 | 60 000 ≤ AVT < 80 000 | 80 000 ≤ AVT < 100 000 | 100 000 ≤ AVT < 120 000 | 120 000 ≤ AVT < 140 000 | Etc.
Standard market sizes for shares and depositary receipts
Average value of transactions (AVT) in EUR | AVT bucket [0 -10 000) | AVT bucket [10 000 -12 000) | AVT bucket [12 000 -14 000) | AVT bucket [14 000 -16 000) | AVT bucket [16 000 -18 000) | AVT bucket [18 000 -20 000) | AVT bucket [20 000 -40 000) | AVT bucket [40 000 -60 000) | Etc.
Standard market size | 105 000 | 11 000 | 13 000 | 15 000 | 17 000 | 19 000 | 30 000 | 50 000 | 70 000 | 90 000 | 110 000 | 130 000 | Etc.
Table 3a
Standard market sizes for ETFs, certificates and other similar financial instruments
Average value of transactions (AVT) in EUR | AVT bucket [0 -10 000) | AVT bucket [10 000 -15 000) | AVT bucket [15 000 -20 000) | AVT bucket [20 000 -25 000) | AVT bucket [25 000 -30 000) | AVT bucket [30 000 -35 000) | AVT bucket [35 000 -40 000) | AVT bucket [40 000 -60 000) | Etc.
Standard market size | 5 000 | 12 500 | 17 500 | 22 500 | 27 500 | 32 500 | 37 500 | 50 000 | Etc.
Table 4
Deferred publication thresholds and delays for shares and depositary receipts
Average daily turnover (ADT) in EUR | Minimum qualifying size of transaction for permitted delay in EUR | Timing of publication after the transaction
> 100 m | 10 000 000 | 60 minutes
20 000 000 | 120 minutes
35 000 000 | End of the trading day
50 m-100 m | 7 000 000 | 60 minutes
15 000 000 | 120 minutes
25 000 000 | End of the trading day
25 m-50 m | 5 000 000 | 60 minutes
10 000 000 | 120 minutes
12 000 000 | End of the trading day
5 m-25 m | 2 500 000 | 60 minutes
4 000 000 | 120 minutes
5 000 000 | End of the trading day
1 m-5 m | 450 000 | 60 minutes
750 000 | 120 minutes
1 000 000 | End of the trading day
500 000 -1 m | 75 000 | 60 minutes
150 000 | 120 minutes
225 000 | End of the trading day
100 000 -500 000 | 30 000 | 60 minutes
80 000 | 120 minutes
120 000 | End of the trading day
50 000 -100 000 | 15 000 | 60 minutes
30 000 | 120 minutes
50 000 | End of the trading day
< 50 000 | 7 500 | 60 minutes
15 000 | 120 minutes
25 000 | End of the next trading day
Table 5
Deferred publication thresholds and delays for ETFs
Minimum qualifying size of transaction for permitted delay in EUR | Timing of publication after the transaction
15 000 000 | 60 minutes
50 000 000 | End of the trading day
Table 6
Deferred publication thresholds and delays for certificates and other similar financial instruments
Average daily turnover (ADT) in EUR | Minimum qualifying size of transaction for permitted delay in EUR | Timing of publication after the transaction
ADT < 50 000 | 15 000 | 120 minutes
30 000 | End of the trading day
ADT ≥ 50 000 | 30 000 | 120 minutes
60 000 | End of the trading day