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.
Each futures contract has a different size, quantity, valuation etc., so each tick size that can be applied to anyone's 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[1])
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[2]
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[3]
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[4]
Silver (COMEX miNY)
1000 oz
$0.0125/oz
$12.50[5]
E-mini Crude Oil
500 Barrels
$0.025
$12.50[6]
E-mini Natural Gas
2,500 million BTU
$0.005
$12.50[7]
^CME Group
^CME Australian Dollar contract specifications
^CME 10-year Note contract specifications
^CME Silver contract specifications
^"CME COMEX miNY Silver contract specifications". Archived from the original on 2010-04-16. Retrieved 2010-06-21.
of a commodity can fluctuate upward or downward. This minimum fluctuation (trade increment) is known as a tick or commoditytick. Hence, a tick is any...
tick sizes in relation to equity and certain equity-like instruments. Commoditytick Percentage in point (PIP) Penny stocks Glossary of Fixed Income Market...
incorporated into some of the weaver Dorothy Liebes' unusual art textiles. Commoditytick Don't fight the tape Punched tape Stock market data systems Telex Teleprinter...
fluctuation (Commoditytick size) is half a basis point or 0.005%. Payment is the difference between the price paid for the contract (in ticks) multiplied...
immediately. More generally, each change of $0.0001 /€ (the minimum Commoditytick size), is a profit or loss of US$12.50 per contract. List of finance...
other commodity and the best buyer bid price of that stock or commodity. In some cases, the mid-price will be rounded up or down to the nearest "tick" (the...
two-day weighted average of cash markets. Minimum tick size for the contract is $0.025 per pound, with each tick valued at $10 USD. Trades on the contract are...
order execution. CQG Datafactory, which provides historical intraday and tick data worldwide. Portara, CQG's other historical data product, allows you...
MetaTrader 5 and TickTrader trading platforms. It provides access to the electronic communication network (ECN) to trade currency, commodity, indices and...
opossums eat up to 95% of the ticks they encounter. and may eat up to 5,000 ticks per season, helping to prevent the spread of tick-born illnesses, including...
afternoon to Friday afternoon. E-mini NASDAQ futures (ticker: QCN) contract's tick is .50 index point = $10.00 While the performance bond requirements vary...
settlement price. In financial and commodity markets, prices are only permitted to rise or fall by a certain number of ticks (or by a certain percentage) per...
contracts prices are quoted in US dollars per tonne. LME prices have minimum tick sizes of $0.50 per tonne (or $12.50 for one contract) for open outcry trading...
stop order 1 tick below the climax price of the adverse direction and if the market moves as expected, moves the stop order up to one tick below the entry...
can kill rapidly. Dogs are also susceptible to parasites such as fleas, ticks, mites, hookworms, tapeworms, roundworms, and heartworms that can live in...
amount. If the market is deep, a large order is needed to change the price. Tick size. This refers to the minimum price increment at which trades may be made...
futures prices are also a part of both the Bloomberg Commodity Index and the S&P GSCI commodity index, which are benchmark indices widely followed in...
than a specific product, service, or business. A commodity brand is a brand associated with a commodity. The word brand, originally meaning a burning piece...
failed. Also, the uptick rule, which allowed short selling only when the last tick in a stock's price was positive, was implemented after the 1929 market crash...
including the introduction of smaller contract and tick sizes, and aimed to expand trading volume as a commodities exchange under the jurisdiction of the Ministry...
contract will trade, minimum tick value, and the last trading day and expiry or delivery month. Standardized commodity futures contracts may also contain...
and international man of mystery. 291 24 "Tick Tock Frank" September 9, 2019 (2019-09-09) 20.24 Frank "tick-tock" Fritz is over the moon when the guys...
management system designed to handle large amounts of data across many commodity servers, providing high availability with no single point of failure....
Contract Size: TOPIX Index times 10,000 JPY Exchange: OSE Sector: Index Tick Size: 0.5 Tick Value: 5000 JPY Big Point Value (BPV): 10000 Denomination: JPY Decimal...