Tick value
The amount of money a one-tick move in the contract adds to or takes from the account.
Formula
Tick value is set by the contract specification. Where the contract is tied to a foreign currency, the exchange recalculates it at every clearing.
How to read the number
This is where a move on the chart turns into money on the account; a contract point on its own carries no monetary meaning.
When the metric lies
Also known as: value of a tick, point value