Commodity tick

Futures exchanges establish a minimum amount that the price of a commodity can fluctuate upward or downward. This minimum fluctuation (trade increment) is known as a tick or commodity tick. Hence, a tick is any fluctuation in the price of a security^[1].

Each futures contract has a different size, quantity, valuation etc., so each tick size that can be applied to any one futures contract, is dependent on the previous variables. Tick size is important as it determines the possible prices available. For example, each "tick" for the grain market (soybeans, corn and wheat) is 0.25 cents per bushel, on one 5,000-bushel futures contract.

Tick values for some popular contracts (as of June 2010^[2])

Futures Product	Contract Size	Tick Size	Tick Value
E-Mini S&P 500 (CME)	$50 x index	0.25	$12.50
E-Mini NASDAQ (CME)	$20 x index	0.25	$5.00
Australian Dollar	A$100,000	0.0001	$10.00[3]
British Pound	£62,500	0.0001	$6.25
Canadian Dollar (CME)	C$100,000	0.0001	$10.00
Euro FX (CME)	€125,000	0.0001	$12.50
Japanese Yen	¥12,500,000	0.000001	$12.50
Mexican Peso	MP 500,000	0.000025	$12.50
New Zealand Dollar	NZ$100,000	0.0001	$10.00
Swiss Franc	SF 125,000	0.0001	$12.50
30 Day Fed Funds	$5,000,000 (annualized)	0.00005	$20.835
2 Year Treasury Note	$200,000	1/4 of 1/32	$15.625
5 Year Treasury Note	$100,000	1/4 of 1/32	$7.8125
10 Year Treasury Note	$100,000	1/2 of 1/32	$15.625[4]
30 Year Treasury Bond	$100,000	1/32	$31.25
Gold (CBOT)	100 oz	$0.10/oz	$10.00
Silver (CBOT)	5,000 oz	$0.005/oz	$25.00[5]
Silver (COMEX miNY)	1000 oz	$0.0125/oz	$12.50[6]
E-mini Crude Oil	500 Barrels	$0.025	$12.50[7]
E-mini Natural Gas	2,500 million BTU	$0.005	$12.50[8]

See also

• Tick size
• NASDAQ futures

References

1. ^ "Understanding the Ticker Tape". Investopedia. http://www.investopedia.com/articles/01/070401.asp. 
2. ^ CME Group
3. ^ CME Australian Dollar contract specifications
4. ^ CME 10-year Note contract specifications
5. ^ CME Silver contract specifications
6. ^ CME COMEX miNY Silver contract specifications
7. ^ CME E-mini Crude Oil contract specifications
8. ^ CME E-mini Natural Gas contract specifications

External links

• Futures Contract Specifications (Tick Values)

This article about investment is a stub. You can help Wikipedia by expanding it.v · Categories: Derivatives (finance) Investment stubs Wikimedia Foundation. 2010. Игры ⚽ Нужно решить контрольную? Franz Ackermann Luther Hamilton Holton Look at other dictionaries: Tick (disambiguation) — Tick may refer to:* Tick, a parasite * Tick based game, a game that is played in iterated time periods * Tick, a playground game also known as Tag (game) * Tick (checkmark), a mark indicating selection, completion, yes, etc. * Tick (comics), a… …   Wikipedia Tick-based game — A tick based game is a game that is played using ticks , or units of time. Predominantly found in browser based MMORPGs, a tick can be any measurement of real time, from seconds to days or even months.Fact|date=November 2007Not to be confused… …   Wikipedia Futures contract — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia Financial future — A financial future is a futures contract on a short term interest rate (STIR). Contracts vary, but are often defined on an interest rate index such as 3 month sterling or US dollar LIBOR. They are traded across a wide range of currencies,… …   Wikipedia Currency future — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… …   Wikipedia CNBC Ticker — The CNBC Ticker is a computer simulation of ticker tapes shown on the lower part of the TV screen on the business television channel CNBC from Englewood Cliffs, New Jersey, in the U.S. The CNBC Ticker shows security and index symbols just like… …   Wikipedia CNBC — Coordinates: 40°53′55″N 73°56′21″W / 40.89861°N 73.93917°W / 40.89861; 73.93917 This article is about the business news chan …   Wikipedia Technical analysis — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia The Three Stooges — Official Three Stooges logo. L to R: Moe Howard, Curly Howard and Larry Fine The Three Stooges were an American vaudeville and comedy act of the early to mid–20th century best known for their numerous short subject films. Their hallmark was… …   Wikipedia Futures exchange — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”