Ticks of the Trade with Joe Saluzzi of Themis Trading
Boxes and Lines
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Should We Decrease Tick Size?
Exchanges are limited in terms of how they can quote to these one cent increments. Some stocks, maybe a stock that's not tick constrained, say a stock that trades 100,000 shares a day, and that's out of penny spread. Maybe those should be a wider tick. People would aggregate more at a price point if there was less price points, is that the point? Absolutely.
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