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Zero Minus Tick

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Zero Minus Tick
A transaction made at the same price as the preceding trade, but at a lower price than the last trade at a different price. Also known as a zero downtick.

Notes:
For example, when trades are executed at $11, $10, and $10, the last trade at $10 is a zero-minus tick. A short sale is not permitted on a zero minus tick.


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