Discussion in 'Trading' started by bidask, May 19, 2008.
What does this quote mean?
Can you tell us how the calculation is derived?
Or point us in the direction of a website that can?
I have charts that display the prices using both methods, so I'm very curious about how it works.
115 15.5/32 is the actual quote!
ZB and ZN trade in 1/2 32'nd ticks.
You can't do that in your head JJ?
bonds trade in 32's of $1000, so 1/32 is $31.25,they are now quoting 1/2 32nds or $15.625
some software platform could display the quotes in decimals, too but the native format is as said above.
I can figure-out a lot of things the hard way.
But by sharing information here on the board with others, I would hope that all would benefit.
this means the minimum fluctuation is 1/64 correct? why do a bunch of websites say that it's 1/32? when did the switch happen?
is the minimum fluctuation of zb also 1/64?
ZB and ZN both tick in 64's....Bondo switched over in Late Feb/early March .
Separate names with a comma.