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Quantitative Finance · Glossaire

Qu'est-ce que « Relative tick size » ?

Definition 6.1 Microstructure and Execution · Chapitre 6 — Tick Size, Queues and Priority

The relative tick size of an instrument is its tick size δtick\delta_{\mathrm{tick}} divided by its price, usually in basis points. A one-cent tick is 25 basis points of a four-dollar stock and a quarter of a basis point of a four-hundred-dollar one.

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