> Btw, a "tick" in trading is the minimum up/down movement of an asset (e.g. 0.25 points on NQ, or 0.01 on TSLA). This is true, but the term is overloaded: if

> Btw, a "tick" in trading is the minimum up/down movement of an asset (e.g. 0.25 points on NQ, or 0.01 on TSLA). This is true, but the term is overloaded: if I say "the exchange slid the price one tick to comply with Reg. NMS" then I'm using it in the sense you mean; if I say "the model recomputes on each tick" then I'm using it in the sense of the GP.