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#finance #steiner-mastering-financial-calculations-3ed
The "tick value" of a contract is the profit or loss made due to a one tick change in price. Tick values therefore vary in line with the tick size for a par ticular contract, as well as with the notional amount of the contract itself.
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owner: piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p105

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