Price change limit (tick)

On commodity exchanges in the USA, the smallest upward or downward price fluctuation allowed by the exchange authority for a futures contract (the minimum amount that the price of a contract can fluctuate upward or downward). Different contracts each have their own specified tick size. Stockbrokers are obliged to provide information about any ticks as part of their duty of disclosure. – See Algorithm Trading, Arrondation, Bonus Certificate, Commodity Fund, Gap, Price Fluctuation Limit, Odd Lot, Tick.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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