0
$\begingroup$

for the Mini Nikkei Futures Contract traded at the Osaka Japanese Exchange, it states that the Tick Value is 500 Yen per Tick. But the actual contract is quoted in 5 Point Increments. Is the correct tick value 500 Yen per 1 Point, or 500 Yen per 5 Points ?

Improve this question
$\endgroup$

2 Answers 2

Reset to default
1
$\begingroup$

500 yen/tick = 500 yen / (5pts)

Improve this answer
$\endgroup$
1
  • $\begingroup$ thanks, appreciate the response, thats exactly correct. $\endgroup$
    – Calculate
    Aug 28, 2021 at 3:06
1
$\begingroup$

Just for extra clarification of the Tick and Tick Value of how it is equated and calculated, the following is a description,

For this Futures Contract, 1 Tick = 5 Points, a 1 Tick Value = 500 Yen. A 1 Tick Move, equates to 500 Yen ( 1 Tick = 500 Yen ) . So in other words, a 5 Point Move, equates to 500 Yen ( 5 Points = 500 Yen ) .

Improve this answer
$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.