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What is a tick size in a futures contract?

All futures contracts have a minimum price fluctuation also known as a tick. Tick sizes are set by the exchange and vary by contract instrument. E-min S&P 500 tick For example, the tick size of an E-Mini S&P 500 Futures Contract is equal to one quarter of an index point.

How much is a one tick move worth?

Since an index point is valued at $50 for the E-Mini S&P 500, a movement of one tick would be .25 x $50 = $12.50 NYMEX WTI Crude Oil The tick size of the NYMEX WTI Crude Oil contract is equal to 1 cent and the WTI contract size is 1,000 barrels. Therefore, the value of a one tick move is $10.

How much is a tick worth?

Tick sizes and value differ significantly amongst the various different markets. The most popular agricultural commodities like Corn (C) and Soybeans (S) have a ¼ cent per bushel tick size and a tick value of $12.5 per contract. Others, such as Sugar #11 (SB), trade at $0.0001 per pound, worth $11.20 in tick value per contract.

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