tick size meaning in English
价格变动单位
Examples
- Using tick - by - tick trade and quote data around the onset of reduction in minimum tick size of shanghai closed - end funds , we examine the impact of the reduction in minimum tick size on market quality
本文利用上海封闭式基金最小报价单位“分改厘”之前与之后的分笔交易数据，考查了最小报价单位的减小对上海封闭式基金市场质量的影响。 - This paper consists of five chapters : in chapter 1 , we firstly introduce the tick size rules of security market . and then introduce four aspects of the market quality market liquidity , volatility , market efficency and transparency
本文共五章：第一章，首先介绍了证券市场的最小报价单位规则；然后，论述了市场质量的四个方面：流动性，波动性，有效性和透明性。 - In chapter 2 , we examine the effect of the reduction in minmum tick size on market liquidity . in chapert 3 , we construct a new model which bases on the tick - by - tick trade data about volidity of price . using this model we check the impact of the reduction in minimum tick size on the volidity of price . in chapter 4 , we check the effect of the reduction in minimum tick size on market efficency
在第三章，本文在分析了分笔交易数据的时序特征的基础上，建立了基于分笔交易数据的价格波动模型，利用此摸型，分析了“分改厘”对封闭式基金的价格波动性的影响。第四章讨论了最小报价单位的减小对市场效率的影响。 - Firstly , we find that both the quoted bid - ask spreads and depths decline dramatically in all twenty - five closed - end funds following the reduction in minimum tick size . we also find trade frequency increase . secondly , our analysis shows the reduction in minimum tick size cause an decrease in the variance of rice . finaly , we find that the minimum tick size influence the market efficency and the reduction in minimum tick size increase the market information efficency
研究结果表明：一，最小报价单位“分改厘”使上海证券交易所交易的25支封闭基金的买卖价差和报价深度明显减小，而交易频数增加：二，最小报价单位的减小降低了封闭式基金的价格波动性；三，最小报价单位的大小会影响市场效率， “分改厘”提高了封闭式基金市场的信息效率。