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Call changing limit on zero-plus tick trades
MAHMOUD ASKAR SAMAR SAMIR Published in Youm7 on 04 - 10 - 2011

CAIRO: The Egyptian EG-Finance Association requested the Egyptian Stock Market General Authority to lower the limit on zero-plus tick transactions Tuesday.
Zero-plus tick trades are transactions made at the same price as a preceding trade, but higher than two transactions previous.
The proposed limit would only apply to shareholders who daily trading do not exceed 1/20,000 of a company's securities registered on the Egyptian stock exchange.
Currently the limit is 1/5000 of a company's securities.
It is thought that changing the limit will make the market less volatile.

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