Tick size

What do ticks, points, and pips mean?

Ticks, points, and pips are units of price movement in financial markets. Futures market prices are counted in points, subdivided into ticks. Forex prices in the spot currency market are counted in pips.

Points and ticks

Ticks are the smallest increment a price can move in any market. Depending on the market and Nadex contract, tick sizes and tick values may vary. Points, used with futures based contracts such as indices and commodities, are counted by the first digit to the left of the decimal point. Points are made up of ticks. Depending on the tick size of the market, points may be made up of one, four, or even 10 ticks.

event contract tick value and tick size

All Nadex Event contracts have a per point value of $0.1. However, the minimum price increment, or tick (the smallest possible price move), is 0.1, or $0.1 per contract.

For Event contracts: the tick size is 0.1, for a tick value of $0.1 per contract. With a range of 0 to 100, Event contracts have a total value of $1 per contract.