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Eurodollar Futures Misprint in Schweser?
says “Eurodollar futures…settle in cash, and the minimum price change is one “tick,” which is a price change of 0.0001=0.01%, representing $25 per $1 million contract.”
How can 0.01% of $1m be $25?!
In fact, a few pages before this quote, Schweser says “The exchange also sets the minimum price fluctuation (which is called the tick size). For example, the basic price movement, or tick, for a 5,000bushel grain contract is a quarter of a point (1 point = $0.01) per bushel).”
So..does this mean that Schweser meant to say in the first quote that “Eurodollar futures…settle in cash, and the minimum price change is one “tick,” which is a price change of >, representing $25 per $1 million contract.”
(I wish I could bold it or highlight it but as I cannot, please see the above for insertion) |
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发表于 2013-4-8 15:02
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