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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Thank you for above tick values… can you tell me
the chart (not $ value) point equivalence…
For example if 1 S& P emini chart point = 10 dj emini points……..
What is 1 emini point equal to on emini……
NASDAQ…
RUSSELL 2000
30 YEAR BONDS
10 YEAR TREASURY….
FOR EXAMPLE ON A TRADE, I WANT TO SELL/BUY 10 POINTS FROM ‘OPEN PRICE OF 9.30AM’ ON S&P EMINI……
If 10 S&P EMINI = 100DJ EMINI POINTS
What would equivalent points be on
NASDAQ…
RUSSELL 2000
30 YEAR BONDS
10 YEAR TREASURY….
Here are the contract specs:
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-nasdaq-100_contract_specifications.html
https://www.theice.com/products/86/Russell-2000-Index-Mini-Futures