Stock Price Formulation

What is 'tick size'?

Update : Jan. 04, 2010

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Answer :

Tick size is the increment by which prices move. Tick size depends on the price per share.
Tick size is particularly important when placing limit orders, as it determines the possible prices available. For example if you wish to place an order for a price less than 3,000 yen, you can choose from prices at 1yen intervals; but for prices between3,000 yen and 5,000 yen, you may only choose prices at 5 yen intervals.

Stock price Tick size
Up to 3,000 yen 1 yen
More than 3,000 yen - Up to 5,000 yen 5 yen
More than 5,000 yen - Up to 30,000 yen 10 yen
More than 30,000 yen - Up to 50,000 yen 50 yen
More than 50,000 yen - Up to 300,000 yen 100 yen
More than 300,000 yen - Up to 500,000 yen 500 yen
More than 500,000 yen - Up to 3,000,000 yen 1,000 yen
More than 3,000,000 yen - Up to 5,000,000 yen 5,000 yen
More than 5,000,000 yen - Up to 30,000,000 yen 10,000 yen
More than 30,000,000 yen - Up to 50,000,000 yen 50,000 yen
More than 50,000,000 yen 100,000 yen

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