Re: [RT] 10 Yr T-Note Question

[Dan Goncharoff <TheGonch@xxxxxxxxxxx>]

If tick size is 'one half of 1/32 of a point', then a move from 11421
to 11422 is two ticks.

Tick size is always defined as the smallest possible price increment.

Regards
DanG

Jason Armstrong wrote:
<blockquote type="cite"
 cite="">
  
  
  
  Hi Gang,
   
                  I have a question
about 10 Year T-Notes that I was hoping someone out there might be
able to answer. CBOT gives the following information on their web-site
regarding this contract:
   
  
  
    
      
        Tick Size 
      
      
        One half of 1/32 of a
point       ($15.625/contract) rounded up to the nearest cent; par is
on the basis of       100 points
        
      
    
  
  
    
      
        Price Quote 
      
      
        Points ($1,000) and one
half of 1/32 of       a point; i.e., 84-16 equals 84 16/32, 84-165
equals 84   16.5/32.
      
    
  
  
   
   
  Now, if price moves from 11421 to
11422 is that considered two ticks or one tick? Logic tells me that
would be two ticks, since a one half point move would be 114215. Am I
correct on this? 
  
  Happy trading,
   
  Jason








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