{"slug":"futures-tick-size-and-tick-value","qid":"cme_tick_specs","label":"Outright tick size and tick value per contract, CME specifications, September 2026","post_title":"Futures Tick Size and Tick Value Explained","post_url":"/blog/futures-tick-size-and-tick-value#q-cme_tick_specs","columns":["ticker","contract_unit","tick_size","tick_value_usd"],"rows":[{"ticker":"ES","contract_unit":"USD 50 x S&P 500 index","tick_size":"0.25 index points","tick_value_usd":12.5},{"ticker":"MES","contract_unit":"USD 5 x S&P 500 index","tick_size":"0.25 index points","tick_value_usd":1.25},{"ticker":"NQ","contract_unit":"USD 20 x Nasdaq-100 index","tick_size":"0.25 index points","tick_value_usd":5},{"ticker":"MNQ","contract_unit":"USD 2 x Nasdaq-100 index","tick_size":"0.25 index points","tick_value_usd":0.5},{"ticker":"CL","contract_unit":"1,000 barrels","tick_size":"USD 0.01 per barrel","tick_value_usd":10},{"ticker":"MCL","contract_unit":"100 barrels","tick_size":"USD 0.01 per barrel","tick_value_usd":1},{"ticker":"GC","contract_unit":"100 troy ounces","tick_size":"USD 0.10 per troy ounce","tick_value_usd":10},{"ticker":"MGC","contract_unit":"10 troy ounces","tick_size":"USD 0.10 per troy ounce","tick_value_usd":1},{"ticker":"ZN","contract_unit":"USD 100,000 face value","tick_size":"1/2 of 1/32 point (1/64)","tick_value_usd":15.625},{"ticker":"ZB","contract_unit":"USD 100,000 face value","tick_size":"1/32 point","tick_value_usd":31.25}],"shape":"ranking","sql":"SELECT\n    ticker,\n    contract_unit,\n    tick_size,\n    tick_value_usd\nFROM\n(\n    SELECT 1 AS id, 'ES' AS ticker, 'USD 50 x S&P 500 index' AS contract_unit, '0.25 index points' AS tick_size, 12.50 AS tick_value_usd\n    UNION ALL SELECT 2, 'MES', 'USD 5 x S&P 500 index', '0.25 index points', 1.25\n    UNION ALL SELECT 3, 'NQ', 'USD 20 x Nasdaq-100 index', '0.25 index points', 5.00\n    UNION ALL SELECT 4, 'MNQ', 'USD 2 x Nasdaq-100 index', '0.25 index points', 0.50\n    UNION ALL SELECT 5, 'CL', '1,000 barrels', 'USD 0.01 per barrel', 10.00\n    UNION ALL SELECT 6, 'MCL', '100 barrels', 'USD 0.01 per barrel', 1.00\n    UNION ALL SELECT 7, 'GC', '100 troy ounces', 'USD 0.10 per troy ounce', 10.00\n    UNION ALL SELECT 8, 'MGC', '10 troy ounces', 'USD 0.10 per troy ounce', 1.00\n    UNION ALL SELECT 9, 'ZN', 'USD 100,000 face value', '1/2 of 1/32 point (1/64)', 15.625\n    UNION ALL SELECT 10, 'ZB', 'USD 100,000 face value', '1/32 point', 31.25\n) AS specs\nORDER BY id","computed_at":"2026-09-16T15:40:17.317339+00:00","elapsed":0.002578888}