EUREX will change the tick size on DAX on December, 21

Overnight · Aug 12, 2020

EsKiller said:
I actually agree with this in NQ. Trying to place a limit order to go long on the DOM, and price is jumping around so bad I can barely get in. Then I get pissed, place a market order, and get filled 5 ticks too high. Change the NQ also please

Doctor doctor! It hurts when I place a market order in the NQ, which has violent moves at any time, and slips!

"Then don't place a market order"

Sorry ESkiller, no sympathy for you. Maybe you are just not used to the NQ, because you trade the ES?

Overnight · Aug 12, 2020

maxinger said:
...
tick size is extremely extremely tiny (0.25 point), and it has 7 looong digits.
And the DOM ladder has to be extra extra tall due to its tiny tick size.

Have you seen the 6J lately?

maxinger · Aug 12, 2020

HobbyTrading said:
This reminds me of the US 2-year bond futures (ZT), where you can have a price like 110.37890625.

huh?
I believe it is in 1/256th of a tick.
then you used lots of decimal places.

maxinger · Aug 12, 2020

Overnight said:
Have you seen the 6J lately?

I gave up looking at 6J price
( 0.000937500 ? ). why can't CME cut it down to just 4 digits?

Overnight · Aug 12, 2020

maxinger said:
I gave up looking at 6J number
( 0.000937500 ? ). why can't CME cut it down to just 4 digits?

Max, you could always just stick to the YM, where each tick is a point. No decimals, no nothing. Easy as whole number Apple pie! (Oh, wait, AAPL is splitting 4:1 soon. Oops)

Millionaire · Dec 19, 2020

Bump, Reminder to everyone.

Although most here probably trade the mini dax which isnt changing.

HobbyTrading · Dec 19, 2020

Millionaire said:
Bump, Reminder to everyone.

Although most here probably trade the mini dax which isnt changing.

Thanks for the reminder.
https://www.eurex.com/ex-en/find/ci...and-deletion-of-orders-quotes-in-FDAX-2360354
Be aware that all open orders in FDAX have been deleted after close of business last Friday. You will have to re-enter your orders.

helpme_please · Dec 20, 2020

I don't really understand what's the impact of the change.

What are the pros and cons of big tick size versus small tick size?

From posts in this thread, some like it, some hate it.

Millionaire · Dec 20, 2020

helpme_please said:
I don't really understand what's the impact of the change.

What are the pros and cons of big tick size versus small tick size?

From posts in this thread, some like it, some hate it.

Instead of a bid ask 13,000.00 13,000.50

with say 5 lots on each side

It will be 13,000 13,001

With more lots on each side, how many more we will find out over the coming weeks.

If you prefer the thinner market you wont like the change.
If you prefer a thicker wider market you will like the change.

helpme_please · Dec 20, 2020

Millionaire said:
Instead of a bid ask 13,000.00 13,000.50

with say 5 lots on each side

It will be 13,000 13,001

With more lots on each side, how many more we will find out over the coming weeks.

If you prefer the thinner market you wont like the change.
If you prefer a thicker wider market you will like the change.

Thanks. Advantage of change is more liquidity on bid and offer. Disadvantage is bigger spread.
I think this change seems to favour market makers.