tick size

The smallest step a price is allowed to move in a trading contract.

The fuller meaning

The minimum price increment of a contract, set by the exchange: for example 0.10 dollar per ounce for a standard US gold future and 0.25 index point for the E-mini S&P 500. Tick size times contract size gives the tick value.

tick size.

Related words

24/7 market · after-hours · Asian session · ask · base currency · bid · bid-ask spread · Bitcoin · BSE · business income