(COLOMBO, LANKAPUVATH) –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:
The change to the tick size will be in effect at the open of trading on 08th January 2021.
In order to facilitate this change, the CSE will cancel all pending orders in the ATS as at end of trading on the 7th of January 2021.
Additionally, the open auction call on the 08th of January 2021 has been extended from 10.15 a.m. to 11.00 a.m. in order to provide adequate time for orders to be placed on the system.