E-mini Futures Tick Sizes

23 Oct

Tick size or tick value for futures represents the minimum fluctuation in price of a futures contract. Rather than trade in penny increments like stocks, futures contracts trade in ticks. This value is denoted in various dollar amounts per contract. For euro futures a tick and pip is essentially the same thing.

E-mini S&P

  • Ticker Symbol: ES
  • Value of 1 Tick: $12.50
  • Ticks per Point: 4

E-mini Dow

  • Ticker Symbol: YM
  • Value of 1 Tick: $5.00
  • Ticks per Point: 1

E-mini NASDAQ

  • Ticker Symbol: NQ
    Value of 1 Tick: $5.00
    Ticks per Point: 4

E-mini Russell

  • Ticker Symbol: TF
  • Value of 1 Tick: $10.00
  • Ticks per Point: 10

Euro FX

  • Ticker Symbol: 6E
  • Value of 1 pip: $12.50
  • Ticks per Point: n/a
  • Note: In Feb 2016, the Euro FX moved to half pips of $6.25

An additional note, the S&P 500 aka. the “big” trades in $0.10 increments. Often times pit traders will buy contracts in the S&P pit @ a dime and using a headset flip them on the e-mini Globex exchange, this is known as big/mini arbitrage (arb).

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