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Quantitative Finance · Glossário

O que é Relative tick size?

Definition 6.1 Microstructure and Execution · Capítulo 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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