All financial documentation from members working on Sophis. Only Quants or Writers can edit this section and post articles.
In order to undrestand the difference between the contract size, the tick size and the tick value, the relationship between these three entities is the following one:
Tick Value = Contract Size * Tick Size
Some examples:
Symbol: FX USD Exchange : GLOBEX Currency : USD Multiplier / Contract value : $125,000 Tick size / Minimum price change : 0.0001 Tick value / Minimum price value : $12.50
Index : HSI Exchange : HKFE Currency : HKD Multiplier / Contract value : 50 HKD Tick size / Minimum price change : 1 Tick value / Minimum price value : 50 HKD Symbol: CAC40 Exchange : MONEP Currency : EUR Multiplier / Contract value : 10 EUR Tick size / Minimum price change : 0.5 Tick value / Minimum price value : 5 EUR
All research publications or financial papers from Quants/Writers working on Sophis, funds, derivated and structured products