4.30.2005

Q&A: What's the min & max possible futures price movement...

...during any day's futures trading?

Tick size and daily price limit respectively.

For example, the Chicago Board of Trade (CBOT) establishes that the minimum price fluctuation , or tick size for the US Treasury bond futures contract is 1/32. Suppose that the price limit is $5, and the previous settlement price is $110. Today, all trades must take place between $110-/+5.

Category: C++ Quant-Derivatives

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