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Chaney Product Note Appendix CHAPTER 1 TRADING PARAMETERS ....................................................................... 2 Authority ......................................................................................................
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2 tick size refers to the minimum price movement of an instrument or security on an exchange.
In general, market participants or traders who trade securities on exchanges are required to comply with 2 tick size regulations.
To fill out 2 tick size, traders need to input the minimum price increment at which they are willing to buy or sell a security.
The purpose of 2 tick size is to enhance market efficiency, improve price discovery, and maintain orderly trading.
The information reported on 2 tick size includes the specific tick size for each security being traded.
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