Hi all, Another question about the Emini S&P 500 future (CME) The tick infos from my broker are as follow: 1 tick = 0,25 points =12,5usd Or, the market moves by 1/10th of points!!! from 1306,6 to 1306,7 for example. How do I do the maths, then? Is each tick worth 12,5/2,5? Thx in advance for your help! Alex
You don't "do the math"... all you need be concerned about is "change in the ES". Each tick is $12.50
Right or wrong, it is the standard and you have to accept it. An analogy: Somebody may say "Why we don't have 1/4 cent coins" Someone else "why we don't have 1/10 cent coins" And so on ad infinitum. So standards must be set, even if they are not perfect.
The S&P 500 Big contract trades in 10 cent ticks. The Emini small contract trades in 25 cent ticks worth $12.50 each ($50 per point). Don