Discussion in 'Index Futures' started by achilles28, Mar 21, 2006.
should be 1tick
One tick as in half a point?
Yes. Your question was really what is the tick size. The answer is half a point. Bitstream was just wasting space (or maybe he thought the tick size was one point and didn't know the difference between tick and point...having seen other posts from Bitstream, I'm pretty sure he was just being cute.)
Ok, thanks. I am not familiar with futures. I trade forex.
So tick size is synonymous with spread? Interesting.
Not technically. The spread is the difference between the bid price and the ask price. In a liquid market the bid/ask spread is usually equal to the smallest possible price increment, which is one tick. In this case, one tick is half an index point.
Edit: I assumed that's what you were asking. Maybe you meant how many ticks wide is the market usually, in which case maybe Bitstreams comment was not as smartassed as I thought.
I'm just concered with the spread: average difference between bid and ask.
Then I apologize to Bitstream.
I'm sure bitstream won't mind
Any trading tips for a newb to the ftse100? I'm all ears!
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