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…