Definitions
In plain terms
It labels a qualifying trade as downward under the selected tick rule.
Technical
The feed contract must define comparison trade, equal-price handling, corrections, sequence, venue consolidation, and timestamp.
Scope
It is a trade classification, not the same as a declining daily issue.
Examples
- A Fintech Builder lesson can compute or identify Downtick only after declaring its inputs, timing, and edge-case rules.
Common misconceptions
- It is a trade classification, not the same as a declining daily issue.
Concept relationships
Where this concept is used
Evidence and governance
- Daily TAQ Client Specification New York Stock Exchange / Intercontinental Exchange · official exchange
Supports: preferred label, short definition, technical definition
Limits: Product-specific and licensed; it does not create universal eligibility, repair, imputation, tolerance, or aggregation rules.
- Reviewed by
- fintech-builder-batch-005
- Last reviewed
- 2026-07-27
- Next review
- 2027-07-27
- Record status
- evidence reviewed
This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.