ULTRASIS - ONWARDS AND UPWARDS

Interesting to note that the NMS for ULTrasis has increased to 200,000 (from 100,000). This means that trades of up to 1.2M, six times the NMS are now displayed instantly.

The Aim rules, I believe, require that trades up to 6 x NMS are reported instantly/within 3 minutes. Trades in size over 6 times NMS are delayed for one hour from the time of the trade, while very large trades of (I believe) over 75 times NMS may be delayed for up to five working days.

I believe it is usual for the NMS to be adjusted, or not, every three months, and this is related to the average daily volume. As the interest and daily volume in ULTrasis has increased, the NMS (Nominal Market Size) has increased from 75,000 to 100,000 and now to 200,000.