Starting next monday, the volume restrictions for crossing stock between the bid and the offer on the book, will be increased to up to 50% of the average trading volume of each security of the last 6 months. This is a large increase from the current 3% average trading volume restriction.
Furthermore, the volume allowed to be crossed will be capped at 10 million shares for the 3 most liquid shares (AMXL, NAFTRAC and CEMEX), due to the fact that their 50% average trading volume is above the 10 million shares.
However, for every other share that trades in the Mexican Stock Echange the volume restriction will be 50% of the average traded volume of the last six months.
Source: IXE Mexico, 25.01.2010
Filed under: BMV - Mexico, Exchanges, Mexico, Algo Trading, BMV Bolsa Mexicana de Valores, Capital Markets, Derivatives, DMA Direct Market Access, ETF, Exchanges, IXE, Mexico, Regulation
