Quote from StockApprentice:
I know it's early... and I'm tired but is anyone else seeing the emini Nasdaq 100 quotes on a fluctuation of .25 instead of .50?
(I'm using Interactive Brokers)
I've been looking at the CME's website... the contract specifications still seem to a minimum .50 fluctuation/tick.
http://www.cme.com/trading/prd/contract_spec_NQ705.html
Did I miss something?
you are quite astute - you are not going crazy. The tick size has changed to 25 cents.
http://www.cme.com/trading/prd/equity/equityupdate.html
Tick Size Changes for CME Equity Products â Sunday, April 2, 2006
Minimum Tick Size Changing for CME NASDAQ-100®
and CME E-mini® NASDAQ-100 Futures
Due to customer demand, the minimum tick size for the CME NASDAQ-100 and CME E-mini NASDAQ-100 futures will be reduced from 0.50 to 0.25 index points on Sunday, April 2, 2006. The table below summarizes the changes:
Futures Contract Current Minimum New Minimum New USD Value
CME NASDAQ-100 0.50 0.25 $25
CME E-mini NASDAQ-100 0.50 0.25 $5
Variable Tick Size Changing for Several CME Equity Options Contracts
Also on Sunday, April 2, CME will increase the variable tick threshold level from 3.00 index points to 5.00 index points for the following options contracts:
CME S&P 500® options
CME E-mini S&P 500 options
CME S&P 500/Citigroup Growth options
CME S&P 500/Citigroup Value options
The table below summarizes these changes, effective for the Monday, April 3 trade date:
