307/5000 Need to understand something about the future vix

[trader221]

Hello.
On the VIX futures contract the tick value is 0.05 but on my book it moves in steps of 0.01.
How is it possible ?
I even see orders executed at 25.71.

Are there still things that I haven't understood?

 

[Same Lazy Element]

Are there still things that I haven't understood?

Yes. The truth is out there!

How is it possible ?

Tick-size for outright futures is 0.05, tick size for spreads is 0.01. What you are seeing futures spread trades.

 

[trader221]

Yes. The truth is out there!


Tick-size for outright futures is 0.05, tick size for spreads is 0.01. What you are seeing futures spread trades.

thank you