E-mini Futures Tick Sizes

Tick Size is the minimum fluctuation on a futures contract. Rather than trade in penny increments like stocks, futures contracts trade in ticks. This value is denoted in various dollar amounts per contract. For euro futures a tick and pip is essentially the same thing.

E-mini S&P

• Ticker Symbol: ES

• Value of 1 Tick: $12.50

• Ticks per Point: 4

E-mini Dow

• Ticker Symbol: YM

• Value of 1 Tick: $5.00

• Ticks per Point: 1

E-mini NASDAQ

• Ticker Symbol: NQ

• Value of 1 Tick: $5.00

• Ticks per Point: 4

E-mini Russell

• Ticker Symbol: TF

• Value of 1 Tick: $10.00

• Ticks per Point: 10

E-mini Euro

• Ticker Symbol: 6E

• Value of 1 pip: $12.50

• Ticks per Point: n/a

An additional note, the S&P 500 aka. the “big” trades in $0.10 increments. Often times pit traders will buy contracts in the S&P pit @ a dime and using a headset flip them on the e-mini Globex exchange, this is known as big/mini arbitrage (arb).