What do you find here?
- 1.-Does it possible to obtain the BBO with the Full Depth information?
- 2.-Does it possible to obtain the levels price from the information of Full Depth channels?
- 3.- What is the tick Criteria?
- 4.-What is the minimum volume for price setting?
- 5.-Why there are orders with price 0?
1.-Does it possible to obtain the BBO with the Full Depth information?
Yes, it is because of the Full Depth channels have tick by tick information it is possible to obtain BBO.
2.-Does it possible to obtain the levels price from the information of Full Depth channels?
Yes, it is because the Full Depth channels have tick by tick information it is possible to obtain levels price.
3.- What is the tick Criteria?
From the Trading Rules, Order and Trade prices will be subject to the following Tick criteria by Type of Security.
Tick criteria for equities shall conform to the following table:
| Minimum Price ($ pesos) | Maximum Price ($ pesos) | Tick ($ pesos) |
| 0.001 1.01 | 1.00 And above | 0.001 0.01 |
Tick criteria for Debt Exchange Traded Funds, PSOTRAC 15 and DLRTRAC 15 is 0.001
Tick criteria for Mutual Fund valuation price is 0.000001
Tick criteria for securities authorized for listing on the SIC shall conform to the following table:
| Minimum Price ($ pesos) | Maximum Price ($ pesos) | Tick ($ pesos) |
| 0.01 | And above | 0.01 |
The Tick criteria for Warrants shall conform to the following table:
| Minimum Price ($ pesos) | Maximum Price ($ pesos) | Tick ($ pesos) |
| 0.01 | And above | 0.01 |
The Tick criteria for Fixed-Income securities shall conform to the following table:
| Minimum Price ($ pesos) | Maximum Price ($ pesos) | Tick ($ pesos) |
| 0.10 | And above | 0.10 |
The tick criteria for mid point trades will be 0.0001
4.-What is the minimum volume for price setting?
a) For Stocks, rights, CPOs, ETFs, CCDs, CERPIS, FIBRAS, and FIBRA E the Lot size is 1 unit and the minimum for price-setting 100 units if the price is equal to or below $200.00 (TWO HUNDRED 00/100 MXN), and if Effective as of April 6, 2020. Version 1.71/2020 6 the price is equal to or greater than $200.01 (TWO HUNDRED 01/100 MXN), the Lot size is 1 unit and the minimum for price-setting is 5 units.
b) For securities authorized for listing on the SIC, the Lot size is 1 and the minimum for price-setting is 5 units. c) For Fixed-Income securities, the Lot size is 1 and the minimum for price-setting is 100 units.
d) For stock Warrants and/or CPOs representing shares, the Lot size is 1 unit and the minimum for price setting is 100 units. e) For CPO, Stock Basket, and S&P/BMV IPC (Mexico’s leading stock market index) Warrants, the Lot size is 1 unit and the minimum for price-setting is 100 units.
f) For foreign Stock Index Warrants, the Lot size is 1 unit and the minimum for price-setting is 100 units.
g) For Ceplatas (silver certificates) the minimum tradable Lot size is 1 Certificate representing 100 troy ounces.
For more information consult the Trading Rules in this link: Trading Rules
5.-Why there are orders with price 0?
This is because of the Trading Rules in specific section 1.3.6.7 Pure Market Order (MC), Market with Protection Order (PR) and Market to Limit (ML)
a) When a Member marks an Order as MC and PR, it will be entered unpriced and with a validity of up to 30 calendar days. A PR order must also enter the protection price.
b) MC, PR and limit orders may have a validity of up to 30 calendar days and the attribute of “all or none” and “partially fill or cancel”.
c) MC and PR Orders will queue up first in line in the book with no price specified; if there are several unpriced MC and/or PR orders, their priority will be based on entry time.
For more information consult the Trading Rules in this link: Trading Rules