Zero Plus Tick

Zero plus tick or zero uptick is a security trade that is executed at the same price as the preceding trade but at a higher price than the last trade of a different price. For example, if a succession of trades occurs at $10, $10.25 and $10.25 again, the latter trade would be considered a zero plus tick, or zero uptick trade, because it is the same price as the previous trade, but a higher price than the last trade at a different price. The term zero plus tick or zero uptick can be applied to stocks, bonds, commodities and other traded securities. The opposite of a zero plus tick is a zero minus tick.