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

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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.

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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.