Volume - Please Clarify This

C

Compulsive

The volume on the futures represent 1 trade or the size of contracts. So for today, the ES 08, had a volume of 2,727,009...is that contracts or trades?
 
Quote from Compulsive:

:confused: I thought Tick Volume represents the number of ticks (changes) in price over a stated period of time.
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No. Tick volume is transactional volume how many trades went off regardless of total volume.
 
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