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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 ?

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

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  • $\begingroup$ thanks, appreciate the response, thats exactly correct. $\endgroup$
    – Calculate
    Aug 28 at 3:06
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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 ) .

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