Futures and ticks
So im having a tough time grasping this concept for t-bond Futures and ticks. anyone can help?
You have T-bond futures at 105-9 and close out the position at 104-27. Calculate the ticks.
I don't really get how the answer is 14..? anyone can answer this?
figuredi tout
for those who didn't, the prices are quoted with a big figure + ticks (ticks being quoted in 1/32nds). In this example, the price of 105-9 corresponds to 105 + (9/32). So 14 = (32-27) + 9
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