What Is the Difference between a “Block Trade” and a “Tick Trade”?
A block trade is a very large volume order, typically negotiated privately and executed outside the public order book to minimize market impact. A tick trade is a small-volume trade executed on the public order book, often reflecting the minimum price movement, known as a "tick." Institutional RFQ platforms specialize in facilitating block trades.
Glossar
Public Order Book
Visibility ⎊ This refers to the real-time display of all outstanding buy and sell limit orders for a specific asset on a centralized exchange.
Block Trade
Transaction ⎊ A block trade is a large-volume transaction involving a significant quantity of a security, derivative, or cryptocurrency that is privately negotiated and executed away from the public order book.