FIX 4.2 TickDirection [tag 274] Definition

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Imported from previous forum

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Does anyone know what is meant by "zero-plus tick" and "zero-minus tick" ?

Many thanks,
Amy

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[ original email was from Himanshu Sharma - himanshu.sharma@schwab.com ]
zero-plus tick
A price which is the same as the previous transaction price, but is greater than the most recent different transaction price. also called zero uptick. opposite of zero-minus tick.

zero-minus tick
A price which is the same as the previous transaction price, but is less than the most recent different transaction price. also called zero downtick. opposite of zero-plus tick.

Investorwords.com is helpful site.

HTH

> Does anyone know what is meant by "zero-plus tick" and "zero-minus tick" ?
>
> Many thanks,
> Amy
>

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[ original email was from Ryan Pierce - rpierce@taltrade.com ]
> Does anyone know what is meant by "zero-plus tick" and "zero-minus tick" ?

I see someone beat me to replying. :wink:

Also note that a lot of systems don’t differentiate between plus ticks and zero-plus ticks, etc. so the zero-plus and zero-minus are collapsed into plus and minus, respectively.