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mDuo13
2019-02-26 19:19:08 -08:00
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content/concepts/decentralized-exchange/ticksize.md
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# Tick Size
_((ENABLED_ICON) Requires the [TickSize amendment](known-amendments.html#ticksize).)_
_(Requires the [TickSize amendment][] :enabled:.)_
When an Offer is placed into an order book, its exchange rate is truncated based on the `TickSize` values set by the issuers of the currencies involved in the Offer. When a trader offers to exchange XRP and an issued currency, the `TickSize` from the issuer of the currency applies. When a trader offers to exchange two issued currencies, the offer uses the smaller `TickSize` value (that is, the one with fewer significant digits). If neither currency has a `TickSize` set, the default behavior applies.