I know it's early... and I'm tired but is anyone else seeing the emini Nasdaq 100 quotes on a fluctuation of .25 instead of .50? (I'm using Interactive Brokers) I've been looking at the CME's website... the contract specifications still seem to a minimum .50 fluctuation/tick. http://www.cme.com/trading/prd/contract_spec_NQ705.html Did I miss something?
you are quite astute - you are not going crazy. The tick size has changed to 25 cents. http://www.cme.com/trading/prd/equity/equityupdate.html Tick Size Changes for CME Equity Products â Sunday, April 2, 2006 Minimum Tick Size Changing for CME NASDAQ-100® and CME E-mini® NASDAQ-100 Futures Due to customer demand, the minimum tick size for the CME NASDAQ-100 and CME E-mini NASDAQ-100 futures will be reduced from 0.50 to 0.25 index points on Sunday, April 2, 2006. The table below summarizes the changes: Futures Contract Current Minimum New Minimum New USD Value CME NASDAQ-100 0.50 0.25 $25 CME E-mini NASDAQ-100 0.50 0.25 $5 Variable Tick Size Changing for Several CME Equity Options Contracts Also on Sunday, April 2, CME will increase the variable tick threshold level from 3.00 index points to 5.00 index points for the following options contracts: CME S&P 500® options CME E-mini S&P 500 options CME S&P 500/Citigroup Growth options CME S&P 500/Citigroup Value options The table below summarizes these changes, effective for the Monday, April 3 trade date:
Cool. Thanks! For a few minutes there I thought I was seeing things. I had to logout/login. Install the new TWS version, restart, and still didn't believe it. :eek:
what are the chances IB and other futures brokers FCM/s , Introducing Brokers etc will now reduce the commission per side for NQ trades made by their customers ?