Commodity tick


s establish a minimum amount that the price of a commodity can fluctuate upward or downward. This minimum fluctuation is known as a tick or commodity tick. Hence, a tick is any fluctuation in the price of a security.
Each futures contract has a different size, quantity, valuation etc., so each tick size that can be applied to any one futures contract, is dependent on the previous variables.
Tick size is important as it determines the possible prices available. For example, each "tick" for the grain market is 0.25 cents per bushel, on one 5,000-bushel futures contract.
Futures ProductContract SizeTick SizeTick Value
E-Mini S&P 500 $50 x index0.25$12.50
E-Mini NASDAQ $20 x index0.25$5.00
Australian DollarA$100,0000.0001$10.00
British Pound£62,5000.0001$6.25
Canadian Dollar C$100,0000.0001$10.00
Euro FX €125,0000.0001$12.50
Japanese Yen¥12,500,0000.000001$12.50
Mexican PesoMP 500,0000.000025$12.50
New Zealand DollarNZ$100,0000.0001$10.00
Swiss FrancSF 125,0000.0001$12.50
30 Day Fed Funds$5,000,000 0.00005$20.835
2 Year Treasury Note$200,0001/4 of 1/32$15.625
5 Year Treasury Note$100,0001/4 of 1/32$7.8125
10 Year Treasury Note$100,0001/2 of 1/32$15.625
30 Year Treasury Bond$100,0001/32$31.25
Gold 100 oz$0.10/oz$10.00
Silver 5,000 oz$0.005/oz$25.00
Silver 1000 oz$0.0125/oz$12.50
E-mini Crude Oil500 Barrels$0.025$12.50
E-mini Natural Gas2,500 million BTU$0.005$12.50