http://www.elitetrader.com/et/index...ent-changing-from-12-50usd-to-6-25usd.292404/ http://www.elitetrader.com/et/index.php?threads/cme-reducing-6e-eurusd-tick-size.296041/
Most likely to take even more from smaller traders and to be able to advertise each tick is only $6.25 to compete against forex?
I think it is marginally better for all traders. Having said that, I wouldn't want them to carry on and halve it again!
I am confused. Currently the CME Group website states: "Minimum Price Fluctuation: $.0001 per Canadian dollar increments ($10.00/contract). $.00005 per Canadian dollar increments ($5.00/contract) for CAD/USD futures intra-currency spreads executed electronically." So why does the press release state that the current minimum is $12.50 and not $10.00?