tick value

tick value
The monetary value that a one tick movement on one futures contract represents, i.e. the profit or loss that such a price movement causes. Tick value is the product of multiplying the tick by the contract size. For example, if the tick for a wheat contract were 5p and a contract is for 100 tonnes, the tick value of a wheat contract is £5 (100 x 5p). Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

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