Used for listed equity securities. "Need the stock to trade up/down at least one tick (1/8) in order to comply with such regulations as those governing short sales / corporate repurchases ."
"NEED THE TICK"
Meaning of "NEED THE TICK" in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012