Glossary
- Tax-exempt investment income (Sparerfreibetrag)
- TecDAX
- Technical analysis
- Technology All Share
- Termination level
- Theta (warrants)
- Tick
- Tick data
- Ticker Plant Frankfurt (TPF)
- Time index
- Time value (warrants)
- Total net assets (XTF)
- Trade
- Trade Repository
- Trade-Sale
- Trading day
- Trading floor system
- Trading Surveillance Office (Handelsüberwachungsstelle, ‘TSO’)
- Transaction costs
- Transaction value
- Transfer
- Transparency Standard
- Trend
- TRICE
- Trustee
- Turn-around financing
Tick
Smallest possible change in the price of a security in the cash or futures markets.
Prices for securities that are quoted in units (i.e. stocks, warrants, subscription rights and participation certificates) in Official Market, Regulated Market and Regulated Unofficial Market move in increments of euro 0.01.
If the price for a security that is quoted in units is less than or equal to Euro 0.10 in floor trading, prices for these securities move in increments of Euro 0.001.
For bonds, the following ticks apply:
- Floaters, zero-bonds, strips in general 0.001 percent
- Bonds with a remaining time to maturity of less than 2 years 0.001 percent
- Bonds with a remaining time to maturity between 2 and 7 years 0.005 percent
- Bonds with a remaining time to maturity of more than 7 years 0.01 percent
- Bonds without a redemption date 0.01 percent
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
Deutsche Börse 
