Definition
A tick is the smallest amount a price can move. Tick value is how many dollars one tick is worth on one contract.
The story
ES (E-mini S&P 500 futures) and NQ (E-mini Nasdaq-100 futures) both move in ticks of 0.25 index points. One tick is worth $12.50 on ES and $5 on NQ. Gold futures (GC) move in ticks of $0.10 an ounce, worth $10 per contract.
Why markets watch it
Futures traders often count moves and risk in ticks rather than dollars.
Connects to
Point valueE-mini S&P 500E-mini Nasdaq-100Gold futuresMicro futures
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms