Chart 1: Smaller ticks lead to lower ... (2020) and Rindi and Werner (2019) implied that a smaller tick size would reduce the trading cost of small orders but increase the cost of large orders.

Today most transactions in financial markets are executed by automated trading systems. In this environment, comprehensive structured tick history data could provide great value in terms of ...

Today, we graduate to discussing how trading works ... wide. Chart 1: Spreads tend to be wider for less liquid stocks (and only the blue stocks trade with 1-tick spreads) Quotes are prices ...