Tick

Basics

Ce que ça veut dire

The smallest possible price change for a specific market, and also a single traded transaction. The tick size sets the minimum step a price can move.

Exemple

For most US stocks the tick size is $0.01, so a price can move from $10.00 to $10.01 but not to $10.005. In ES futures, one tick is 0.25 points ($12.50).

L'erreur des débutants

Beginners try to place limit orders between ticks (e.g. $10.005) and are confused when the broker rejects them; prices can only step in tick-sized increments.

Termes liés

Pip — The smallest price move in forex, usually the fourth decimal place (0.0001) for most curre…
Point — A one-unit move in the price of an asset, most often used for index futures and stocks whe…

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