Minus Tick

外汇网2021-06-19 14:14:23 165

Designates a trade that occurs at a lower price than the immediately pceding trade. Also referred to as "downtick" or "zero minus tick".

Brokerage firms require that short sell orders follow the "tick test", which means that if a stock is trading at a minus tick price (lower than the pvious sale), a short sale at that time is not allowed. Generally, short sales are only allowed to occur on an uptick. This rule helps pvent traders from destabilizing a stock's price by short selling on minus ticks.

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