Tick Size Calculation
To manually calculate tick size:
- Calculate the base tick value by dividing the Product’s numerator by the denominator.
- Refer to the associated tick table, and reference the correct upper price limit and Ticks multiplier.
- Calculate the tick size by multiplying the base tick value by the tick table Ticks multiplier.
For example, the base tick value of a product may be listed as 1/100=.01, and the multiplier for all prices is 1.
Then the tick size for that product would be .01*1=.01