The result is correct, but note that the multiplier is 2500. So just calculate with $25 per tick and contract. QG can easily go up or down 50 ticks within a day, so be careful.
thanks amnesiac, so then 0.01 - 1 tick... and 6*25 = $150... I really want to see data but I am unsure if a GLobex feed will give me NYMEX real time data...
Coffee (KC)...now trading electronic through ICE.. Coming off cyclical vol lows. Should be a wonder...