Stock Price Formulation
What is 'tick size'?
Update : Jan. 04, 2010
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 |