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Quantitative Finance · Begrippenlijst

Wat is Tier cliff?

Definition 17.2 Market Making and High-Frequency Trading · Hoofdstuk 17 — Rebates, Inverted Venues and Tiers

A tier cliff is a volume threshold in a fee schedule at which a better rate applies retroactively to all of the month’s qualifying volume, so that the bill changes discontinuously as the threshold is crossed.

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