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Ticks

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Ticks

  • This topic has 5 replies, 3 voices, and was last updated 10 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • April 11, 2015 at 9:46 pm #240958
    lunix
    Member
    • Topics: 12
    • Replies: 51
    • ☆☆

    I got a bit confused – the course notes (page 96) state that the tick size is 0.0001 however the technical article (https://www.accaglobal.com/uk/en/student/acca-qual-student-journey/qual-resource/acca-qualification/p4/technical-articles/exchange-derivatives.html) states that the tick is 0.00001.

    Is my understanding right – it just depends on how exactly is the exchange rate given; if 4 decimal spaces then tick is 0.0001, if 5 decimal spaces then tick is 0.00001; it just depends and it is not one absolute value?

    Thank you very much for wonderful lectures!

    April 12, 2015 at 10:48 am #240999
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54679
    • ☆☆☆☆☆

    For currency futures, one tick is 0.0001 (the smallest movement in the exchange rate). The article is a misprint.

    April 12, 2015 at 4:49 pm #241024
    lunix
    Member
    • Topics: 12
    • Replies: 51
    • ☆☆

    Thank you for the explanation.

    April 13, 2015 at 6:43 am #241065
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54679
    • ☆☆☆☆☆

    You are welcome 🙂

    April 13, 2015 at 12:51 pm #241135
    at800
    Member
    • Topics: 29
    • Replies: 32
    • ☆☆

    However, in case of JPY futures, the tick size is 0,000001 (not 0,0001).

    Am I correct?

    April 14, 2015 at 7:03 am #241225
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54679
    • ☆☆☆☆☆

    Ooops – yes you are correct. Yen are quoted differently than $’s and Euros.

  • Author
    Posts
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