minimum tick

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Minimum Tick

The smallest possible change in price to a security. Various regulations exist regarding what the minimum tick is for different securities, and which trades may occur on a tick. For example, until 2007, a short sale could not occur at the same price as the security's previous trade, when that price was itself a downtick from the trade before that. A minimum tick is also called a trading variation. See also: Tick test.
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minimum tick

The smallest possible price movement of a security or contract. For example, equity options with premiums of 3 points and greater are traded in eighths of a point, while equity options with premiums less than 3 points may be quoted at sixteenth-of-a-point intervals. Also called trading variation.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Targeted delivery drugs have various advantages such as reduction of any side effects, minimum fluctuation in drug level and treats specific part.
(2) The dimensional difference [DELTA]f = f([[alpha].sub.min]) - f([[alpha].sub.max]): f([[alpha].sub.min]) represents the fractal dimension of the maximum fluctuation point set, and f([[alpha].sub.max]) represents the fractal dimension of the minimum fluctuation point set.
The maximum and minimum fluctuation values of the stable period of the system and the adjustment parameters in the stable state when [[gamma].sub.f] and a are variable are shown in Table 1.
"Since the process uses continuous dosing and weighing, you have to have a minimum fluctuation of less than a few grams of material."
xvi) be stored at a temperature of - 18 [degrees] C (O [degrees] F) or lower with a minimum fluctuation and shall have a temperature below -10 [degrees] C at the internal centre of the flesh:

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