Zero-minus tick

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; also called a zero downtick. For instance, stock trades may be executed consecutively at prices of $52, $51, and $51.

Zero-Minus Tick
A stock trade at a price equal to the preceding trade but lower than the last different price.
Zero-Plus Tick ...

Zero-Minus Tick - Sale made at a price equal to the price of the last sale but lower than the last different price.
Zero-Plus Tick - Sale made at a price equal to the price of the last sale but higher than the last different price.

Zero-minus tick
Used in the context of general equities. 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.
Zero-one integer programming ...

See: Downtick; Zero-Minus Tick
Missing The Market
Said when a broker, acting as agent, fails to execute a transaction at a price that was available, and the resultant transaction is unfavorable to the client.

This implied that short sales were not permitted on minus ticks or zero-minus ticks, subject to narrow exceptions. The operation of these provisions was commonly described as the 'tick test.

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, ...

zero-minus tick Zero minus-tick refers to a transaction made at the same price as a preceding... zero-plus tick Zero plus tick refers to a transaction made at the same price as a preceding...

Used for listed equity securities. Transaction at the same price as the preceding trade, but higher than the preceding trade at a different price. Antithesis of zero-minus tick. See: Short sale.
Zero-sum game ...

The zero downtick is sometimes called a zero-minus tick. The opposite of the zero downtick is the zero uptick. One context when the downtick is important is when trading curbs are in effect.

A zero-plus tick is a common name for listed equity securities whose the current transaction is at the same price as the preceding trade, but higher than the preceding trade at a different price. Antithesis of zero-minus tick.

See also: Minus tick, Plus tick, Tick, Short Sale, Systematic risk