London Stock Exchange (LSE)
The primary equity market in the United Kingdom and a member of the London Stock Exchange Group which also includes Borsa Italiana
Currency: British Pence (GBx).
Basic Market Rules:
- Lot Size: 100 shares.
- Short Sale Rules: naked short selling is prohibited
- Circuit Breakers: an auction will be triggered when the price of a potential execution is more than a defined percentage above or below the applicable reference price
Deutsche Börse (Xetra)
Xetra is the primary equities market in the Deutsche Börse Group
Currency: Euro (EUR)
Basic Market Rules:
- Lot Size: 1 share.
- Tick Size: varies by price and security type. Tick sizes for most equities are as follows:
| Price Range (Euro) | Tick Size (Euro) |
|---|---|
| 0 to 9.999 | 0.001 |
| 10 to 49.995 | 0.005 |
| 50 to 99.99 | 0.01 |
| 100 and greater | 0.05 |
- Short Sale Rules: naked short selling is prohibited; locate required.
- Circuit Breakers: Xetra has safeguards in place during the auction and continuous trading phases.
Euronext
Euronext is the first pan-European exchange which includes Amsterdam, Brussels, Lisbon, and Paris
Currency: Euro (EUR)
Basic Market Rules:
- Lot Size: 1 share.
- Tick Size: varies by price and security type. Tick sizes for most equities are as follows:
| Price Range (Euro) | Tick Size (Euro) |
|---|---|
| 0 to 9.999 | 0.001 |
| 10 to 49.995 | 0.005 |
| 50 to 99.99 | 0.01 |
| 100 and greater | 0.05 |
- Short Sale Rules: naked short selling is prohibited; locate required.
- Circuit Breakers: Xetra has safeguards in place during the auction and continuous trading phases.