NexusFi: Find Your Edge


Home Menu

 





Wrong tick size?


Discussion in Treasury Notes and Bonds

Updated
    1. trending_up 2,575 views
    2. thumb_up 2 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
Decco
Madrid Spain
 
Posts: 3 since Jun 2022
Thanks Given: 1
Thanks Received: 1

Today i was looking into the Fed Funds 30 day(ZQEN22) tick size which it assumed to be 0.005 instead the DOM shows 0.002, 0.003 orders.

Is it supposedly to be like this?


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trump Media to sell instant access to market-moving soci …
Traders Hideout
EA
Platforms and Indicators
requesting .nrd replay files from 2026 spy and qqq
The Elite Circle
My Rant with AMP Futures
Trading Reviews and Vendors
RTH vs ETH: when your chart and Volume Profile trading h …
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Mes vs MNQ
6 thanks
NexusFi site changelog and issues/problem reporting
5 thanks
BERN ALGOS algo trading journal
3 thanks
TopStep Trader disappointment
2 thanks
Want your NinjaTrader indicator created, free?
1 thanks
  #2 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,247 since Dec 2013
Thanks Given: 4,591
Thanks Received: 10,544

https://www.cmegroup.com/markets/interest-rates/stirs/30-day-federal-fund.contractSpecs.html
MINIMUM PRICE FLUCTUATION
1/2 of one basis point (0.005) = $20.835

Beginning at 5:00 p.m. CT on the Sunday preceding the first business day of the spot month: 1/4 of one basis point (0.0025) = $10.4175

It's a 0.5 tick for most months but for the prompt months it's a 0.25 tick. Hence ZQN22 is currently 98.3200/98.3225.

Note that this last Sunday was the "Sunday preceding the first business day of July" hence for this week we have both June and July at 0.25 tick.

Sounds like your software is correctly picking up the quarter tick, but is only using 3 decimal places in its display hence why you are seeing 0.2 and 0.3 and not 0.25. What software are you using?


Reply With Quote
Thanked by:
  #3 (permalink)
Decco
Madrid Spain
 
Posts: 3 since Jun 2022
Thanks Given: 1
Thanks Received: 1



SMCJB View Post
MINIMUM PRICE FLUCTUATION
1/2 of one basis point (0.005) = $20.835

Beginning at 5:00 p.m. CT on the Sunday preceding the first business day of the spot month: 1/4 of one basis point (0.0025) = $10.4175

It's a 0.5 tick for most months but for the prompt months it's a 0.25 tick. Hence ZQN22 is currently 98.3200/98.3225.

Note that this last Sunday was the "Sunday preceding the first business day of July" hence for this week we have both June and July at 0.25 tick.

Sounds like your software is correctly picking up the quarter tick, but is only using 3 decimal places in its display hence why you are seeing 0.2 and 0.3 and not 0.25. What software are you using?

Thanks for the quick response ^^

Im using metatrader 5, i'd like to add that it doesn't let me to create limit orders on this 0.002, 0.003 price range.

E.g: i can create a limit order at 98.325 but 98.323.


Reply With Quote
Thanked by:




Last Updated on June 28, 2022


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts