The tick size represents the minimum price movement of an instrument. Tick sizes are set by exchanges and can vary depending on the asset being traded. For example, a stock might have a tick size of USD 0.01, meaning its price can move in increments of one cent.
Tick sizes can be important as they affect the precision of price movements and can influence strategies and liquidity.
Where can I find the tick size of an instrument?
You can view the tick size of a specific instrument by navigating to the trading conditions > Click Instrument > See Tick size