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T4 tick values?
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Created: by Waseq Attachments:0

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T4 tick values?

  #1 (permalink)
Trading Apprentice
Dubai uae
 
Futures Experience: Beginner
Platform: T4
Favorite Futures: Futures
 
Posts: 1 since May 2015
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T4 tick values?

Hello,
I am a beginner and am having a lot of difficulty understanding tick values on the T4 platform. Each commodity has a different price structure/ladder that has different values for each step, point, tick etc. if I wanted to calculate a corn margin of 2 times margin how do I identify where to put a stop at that level?

Is there a reference sheet someone can share that shows the ladder values that correspond to tick/points? Example I understand that 1 point movement on corn is 50 dollars but when I see the ladder it goes in quarters for the first four ladder movements and then jumps?

It's very confusing for me so if someone can help it would be greatly appreciated.

Regards
Waseq

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  #2 (permalink)
Trading for Fun
Nicosia, Cyprus
 
Futures Experience: Advanced
Platform: X_Trader Pro, TWS, CQG, Sierra Charts
Broker/Data: Interactive Brokers, Data: CQG, TTNEt
Favorite Futures: crude arbitrage, spreads, energy, grains
 
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It's not related to CTS or any other data provider. The best way for you would be to go through CME website (product you mentioned trades on CBOT which is a part of CME Group). Please refer to the link below to find contract specs for corn

http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/corn_contract_specifications.html

You can find all information you need re contract specification (including tick size), margin requirements etc on the CME webpage

http://www.cmegroup.com/

You may also check ICE website (this is another largest group of exchanges) for their products and information

https://www.theice.com/index

But regarding margin requirements it also would be helpful to check with your broker in case if they have higher "house margin" rates.


Last edited by Alphachase; May 7th, 2015 at 06:41 PM.
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  #3 (permalink)
 Vendor: www.ctsfutures.com 
Chicago, IL
 
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Platform: CTS
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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.

Thanks,
CTS

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