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Dear sir,
I am a bit confused with determination of tick value.
In this lecture you explained how to determine a tick value.https://opentuition.com/acca/afm/foreign-exchange-risk-management-1-part-8-acca-afm-lectures/
Seems logical that it should be contract size X tick size.
However, the confusing comes with the real questions. For example 45 Daikon (6/15)
It is said contract size 1,000,000
Tick movement 0.01%
Tick value $25How come tick value is $25 if it should be calculated as 1,000,000 X 0.01%?
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