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Jim,
It appears you want to know the value of the minimum tick,correct?
The contract is quoted in 1/2 of 1/32 of a point,rounded up to the
nearest penny. Min tick value thus is $15.625.
If my simple math is correct,a full point is $1000.00,so your 0.01
of a point would be $10.00,but the contract is not quoted that way.
Yes,it Can be confusing..
The CBOT website probably has more information.
Saturday, January 18, 2003, 5:01:09 AM, you wrote:
K> Hi List,
K> I have an easy question that is throwing me for a loop! I'm
K> embarrassed to ask, but can someone tell me what the tick value is on the ZN
K> contract? In other words, what would a 0.01 price change be worth?
K> Thanks,
K> Jim.
--
Best regards,
Carl
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