Cheaper Futures contract

jokepie · Oct 12, 2010

Is there any Contract (Any - i.e Index, commodities etc.) that has a tick valuse less that $5 ?

thanks for your help!

Guru

Picaso · Oct 12, 2010

Micro FX

http://www.cmegroup.com/trading/fx/...ntract_specifications.html#prodType=undefined

5yrtrader · Oct 12, 2010

SIMEX Nifty Index ... $1 per .5 tick

Trades in the evening (in the US) so good for trading after work

5yr

http://www.sgx.com/wps/portal/marke...rivatives_products/equity_index/sgx_cnx_nifty

chartman · Oct 12, 2010

Quote from jokepie:

Is there any Contract (Any - i.e Index, commodities etc.) that has a tick valuse less that $5 ?

thanks for your help!

Guru

There are several on the NYMEX. Heating Oil, Unlead Gas and propane has $4.20 ticks. Other contracts with $5 tick values are palladium and platinum. The Mini Dow(YM) has a $5 tick value and trade on CME/CBOT electronic platform.

Shagi · Oct 12, 2010

Quote from chartman:

There are several on the NYMEX. Heating Oil, Unlead Gas and propane has $4.20 ticks. Other contracts with $5 tick values are palladium and platinum. The Mini Dow(YM) has a $5 tick value and trade on CME/CBOT electronic platform.

But it doesn't necessarily mean those contracts are less volatile or risky than the ones with $12.50 tick or $25 tick. The OP needs to do some more homework. Happy hunting

nonlinear5 · Oct 12, 2010

Quote from Shagi:

But it doesn't necessarily mean those contracts are less volatile or risky than the ones with $12.50 tick or $25 tick. The OP needs to do some more homework.

Indeed. Just because the ES contract is $12.5/tick and the YM contract is $5/tick does not mean that the ES is 2.5 times more "expensive". Perhaps what the OP meant to ask was "which contract has the lowest margin requirement?".

Peternam · Oct 12, 2010

Would be better to look at the daily range expressed in $ to get an idea of possible profit and loss

jokepie · Oct 12, 2010

Quote from 5yrtrader:

SIMEX Nifty Index ... $1 per .5 tick

Trades in the evening (in the US) so good for trading after work

5yr

http://www.sgx.com/wps/portal/marke...rivatives_products/equity_index/sgx_cnx_nifty

Thanks man,
Do you have experience trading these. How is the volume on these.

jokepie · Oct 12, 2010

Quote from nonlinear5:

Indeed. Just because the ES contract is $12.5/tick and the YM contract is $5/tick does not mean that the ES is 2.5 times more "expensive". Perhaps what the OP meant to ask was "which contract has the lowest margin requirement?".

I am OK with YM @ $5, however was looking for something that is as volatile however loss per tick is less. Therefore giving me freedom to assume lower loss per trade and take more trades perday but keem Daily loss limit the same.

JPope · Oct 12, 2010

How about looking at what you'd actually be trading, like contract sizes?