|
PureBytes Links
Trading Reference Links
|
Ross Bond wrote:
I would greatly appreciate some guidance in determining how a
BigPoint is actually defined for currencies and also in determining
the correct BigPointValue to use.
BigPointValue = $ value of 1.0 move, for ALL futures. Now I know it's
kinda weird to think about euro moving from 0.8 to 1.8, but who knows -
can happen. Anyways, the move from 0.8 to 1.8 would be 12.5(tick) /
(1/10000) = $125000
Using the Aus$ (AD) as an example is a BigPoint the move from, say,
0.75 to 0.76? Or is it the move from 0.7 to 0.8?
Neither. Add 1.0. So BigPoint move is 0.75 to 1.75
Still with the AD, what is the value of a BigPoint? I have been
laboring under the impression that a BigPoint was $1,000 but upon
checking the symbol Universe in TS I find that it lists the value as
$100,000, (which is also the contract size.) Confusing.
By way of comparison in a different market group, a BigPoint in Corn
is a move from, say, 195 to 196 and has a BigPoint value of $50. Below
I have listed what I (used to?) think is correct but now I am not so
sure.
Corrected table would be
Contract BigPoint MinMove $ Pts
------------------------------------------------------------
FX Euro $1,250 $12.50 1 pt **Incorrect**
FX Euro $125,000 $12.50 1 pt **Correct**
ES S&P 500 emini $1,250 $12.50 1 pt
For EUR,
BigPointValue = 125,000
PointValue = 12.5
MinMove = 12.5
In GS, I have EUR setup as follows
Price Scale = 1/10000
PointValue = 125000
MinMove = 12.5
Thanks in advance for any assistance, it is very much appreciated.
Abhijit
|