Commodity tick
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Futures exchanges establish a minimum amount that the price of a commodity can fluctuate upward or downward. This minimum fluctuation (trade increment) is known as a "tick" or commodity tick. Each futures contract has a different size, quantity, valuation etc., so each "tick size" that can be applied to any one futures contract, is dependent on the previous variables. Tick size is important as it determines the possible prices available. For example, each "tick" for the grain market (soybeans, corn and wheat) is 0.25 cents per bushel, on one 5,000-bushel futures contract.
See:
[edit] Tick Value Definition
Futures Products / Contract Size / Tick Size
- E-Mini S&P 500 $50 x Index 0.25 = $12.50
- E-Mini Nasdaq CME $20 x Index 0.50 = $10.00
- Australian Dollar A$100,000 0.0001 = $10.00
- British Pound £62,500 0.0001 = $6.25
- Canadian Dollar CME C$100,000 H,M,U,Z 0.0001 = $10.00
- Euro FX CME €125,000 0.0001 = $12.50
- Japanese Yen ¥12,500,000 0.000001 = $12.50
- Mexican Peso MP 500,000 0.000025 = $12.50
- New Zealand Dollar NZ$100,000 0.0001 = $10.00
- Swiss Franc 125,000 0.0001 = $12.50
- 30 Day Fed Funds $5,000,000 0.005 = $20.835
- 5 Year Treasury Note $100,000 1/2 of 1/32 = $15.625
- 2 Year Treasury Note $200,000 1/4 of 1/32 = $15.625
- 10 Year Treasury Note $100,000 1/2 of 1/32 = $15.625
- 30 Year Treasury Bond $100,000 1/32 = $31.25
- CBOT Gold CBOT 100 oz $0.10/oz = $10.00
- CBOT Silver CBOT 5,000 oz $0.001/oz = $5.00
- Silver New York E-Mini ,000 oz $0.001/oz = $1.00
- miNY crude 500 Barrels $0.025 = $12.50
- miNY Natural Gas 5,000 million British Thermal Unit(mmBtu) $0.005 = $25.00
