Chicago, IL
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Platform: CTS
Trading: oil
Posts: 49 since Feb 2013
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Excellent answer from Alphachase, thank you. To understand the corn futures ticks you need to read the last digit as x/8. So if you see a price of 3612 that corresponds to 361 and 2/8 cents. When you see that digit tick up from 0 to 2, 4, 6, then back to 0 it is not a jump in tick size. It is 0/8, 2/8, 4/8, 6/8, 8/8, where 8/8 is adding another full cent which causes the last digit to go back to 0.
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