Zero Plus Tick

Zero plus tick (ZPT) is a type of stock market order that is used to buy or sell a stock at the best available price. The term "zero plus tick" refers to the fact that the order is placed at the current bid or ask price, plus a penny. This means that the order will be filled at the next available price that is higher than the current bid price or lower than the current ask price.

Zero plus tick orders are often used by traders who are looking to trade quickly and efficiently. They are also used by traders who are trying to avoid paying a commission on their trades.

There are a few things to keep in mind when using zero plus tick orders. First, it is important to understand that these orders are not guaranteed to be filled. If the market moves quickly, your order may not be filled at the price you specified. Second, zero plus tick orders can be expensive, as they can result in multiple trades being executed. Finally, zero plus tick orders can be risky, as they can be executed at prices that are significantly different from the prices you specified.

Overall, zero plus tick orders can be a useful tool for traders who are looking to trade quickly and efficiently. However, it is important to understand the risks involved before using these orders.

Here are some additional details about zero plus tick orders:

* Zero plus tick orders are often used by day traders, who are looking to make quick profits by trading stocks throughout the day.
* Zero plus tick orders can also be used by investors who are looking to buy or sell stocks at the best possible price.
* Zero plus tick orders are not guaranteed to be filled, and they can be expensive.
* Zero plus tick orders can be risky, as they can be executed at prices that are significantly different from the prices you specified.