Dera Sir
I have never understood ticks properly.
Anyway, in this question, the reason for the 3/12 is the interest rate future being the 3 month thingy? In other words would not apply to forex future?
Now, the tick value is 12.50....but I get 1250 which i know is wrong. I am taking the 2 decimal places after the future, eg. 95.29....the .29 being .10 and saying 500000 x 3/12x.100?
Please help clear this up
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Ticks mock 2 Q2 Autocrat
7y ago#1Please don't have me type out what is explained in full in my lectures.
3/12 only applies to interest rate futures (and options).
1 tick is 0.01%
500,000 x 0.01/100 x 3/12 = 12.50
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