MOEX Tick Size Changes Take Effect May 5
Summary
MOEX announced new tick size methodology for equity trading effective May 5, 2026. The formula uses (1,2,5)*10^N with 25 price ranges and 7 liquidity ranges. Maximum relative tick size is 1%. Affects T+ trading, odd lots, and negotiated trades.
What changed
MOEX is implementing a new tick size methodology for equity trading starting May 5, 2026. The formula uses (1,2,5)*10^N, increases price ranges to 25 and liquidity ranges to 7, with maximum relative tick size of 1%.
The changes affect T+ trading modes, odd lots, and negotiated trades. Trading systems and algorithms may require adjustment to handle the new price increment parameters.
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Apr 21, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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Moscow exchange changes the tick size from the 5th of May 2026
To increase the effectiveness of equity market microstructure, MOEX establishes the new tick size and Decimals parameter for the following stocks starting 5 th May 2026 in the following trading modes:
- Main trading mode Т+ ("Т+1" order book)
- Odd lots trading mode
- Negotiated trades mode (NTM)
- NTM with CCP trading mode The new approach to setting the tick size was approved by the MOEX Securities Market committee.
The methodology includes:
- The tick size equals (1,2,5)*10 N, where N – integer;
- Increasing the number of price ranges to 25, and the ranges of liquidity - up to 7;
- For each liquidity range a recommended range price tick sizes in the spread is established;
- The maximum allowed relative tick size – 1% Contacts for media +7 (495) 363-3232 Contacts for clients +7 (495) 232-3363 Feedback form
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