The Bermuda Stock Exchange (BSX) has announced that, with immediate effect, the market 'tick' size (the smallest allowable price change in a listed securities quote or trade) on the BSX has been changed from five cents to one cent.

The BSX made the move following consultation with its trading members and the Bermuda Monetary Authority, and will bring the Bermuda market in line with current international market practice in order to improve market liquidity by reducing the spread between 'buy' and 'sell' orders.