Minus Tick

Minus Tick
Designates a trade that occurs at a lower price than the immediately preceding trade. Also referred to as "downtick" or "zero minus tick".

Brokerage firms require that short sell orders follow the "tick test", which means that if a stock is trading at a minus tick price (lower than the previous sale), a short sale at that time is not allowed. Generally, short sales are only allowed to occur on an uptick. This rule helps prevent traders from destabilizing a stock's price by short selling on minus ticks.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • minus tick — See: downtick . Bloomberg Financial Dictionary * * * minus tick UK US noun [C] STOCK MARKET, FINANCE ► DOWNTICK(Cf. ↑downtick) …   Financial and business terms

  • minus tick — Stock Exchange. downtick (def. 2). * * * …   Universalium

  • minus tick — Stock Exchange. downtick (def. 2) …   Useful english dictionary

  • Zero Minus Tick — A securities trade executed on an exchange at the same price as the preceding trade, but at a lower price than the last trade of a different price. For example, if a succession of trades occur in the following order $10.25, $10.00, and $10.00 the …   Investment dictionary

  • zero-minus tick — Sale that takes place at the same price as the previous sale, but at a lower price than the last different price. Antithesis of zero plus tick. Bloomberg Financial Dictionary …   Financial and business terms

  • Tick — Refers to the minimum change in price a security can have, either up or down. Related: point. The New York Times Financial Glossary * * * ▪ I. tick tick 1 [tɪk] noun [countable] 1. a mark that you put next to an answer to show that it is correct… …   Financial and business terms

  • tick — The smallest allowable increment of price movement for a contract. Chicago Board of Trade glossary The minimum allowable price fluctuation (up or down) for a futures contract. Different contracts have different size ticks. Ticks can be stated in… …   Financial and business terms

  • zero minus tick —   Vendita di un titolo azionario a un prezzo equivalente a quello dell ultima transazione eseguita, ma inferiore a quello dell ultima operazione avvenuta a un differente prezzo …   Glossario di economia e finanza

  • Tick Index — The number of stocks trading on an uptick minus the number of stocks trading on a downtick. Tick index is a popular indicator used by day traders to view the overall market sentiment at a given point in time. By being able to easily see the ratio …   Investment dictionary

  • buy minus order — In the context of general equities, rare market or limit order to buy a stated amount of a stock, provided that the price to be obtained is not higher than the last sale if the last sale is a minus or zero minus tick, and is not higher than the… …   Financial and business terms

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