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Minimum Price Fluctuation Example 1: Two-Year U.S. Treasury Note Futures
Tick Display Format = '32'
Number of Minimum Tick Increments = 0001
CME Globex tick size = 0.00390625
Multiplying the CME Globex tick size by the Number of Minimum Tick Increments yields a minimum price fluctuation of 0.00390625 (0.00390625 x 1 = 0.00390625).
Minimum Price Fluctuation Example 2: 30-Day Fed Funds Options
Tick Display Format = '02'
Number of Minimum Tick Increments = 0005
CME Globex tick size = 0.5
Multiplying the CME Globex tick size by the Number of Minimum Tick Increments yields a minimum price fluctuation of 2.5 (0.5 x 5 = 2.5).