SIX Swiss Practice Exam

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The smallest tradeable denomination is:

Determined by issuer

The smallest tradeable denomination is determined by the issuer. Each issue sets its own minimum trading unit or nominal size, so different securities can have different smallest tradable amounts. This isn’t a universal standard across all instruments, and it isn’t always 100 shares, nor is it meaningless (the size can influence liquidity and order placement).

Fixed to one standard unit for all instruments

STD has no effect

Always equal to 100 shares

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