The following provides examples of the application of the tag PriceDisplayFormat-9800-PriceDisplayFormat.:

Table of Contents

Acronym Key

Tick Display Format	TDF	The fractional format for a given instrument (e.g. 32nds).
Number of Decimals in Displayed Price	NDDP	Identifies the number of decimals in the price sent by CME Globex for a given instrument. This value is a property of the tag 9800-PriceDisplayFormat for the given instrument

Treasuries

30 Yr Bonds FUTURE, TDF 32, NDDP 2
Original decimal price	115.28125
Fractional part after conversion	9 (.28125 x 32)
Integer part and fractional part	115 09
Apply NDDP of 02	115 09 ^^ 12 (Display places)
Resulting formatted price	115'09
30 Yr Bonds FUTURE with Reduced Tick Spread, TDF 32, NDDP 3
Original decimal price	115.28125
Fractional part after conversion	9 (.28125 x 32)
Integer part and fractional part	115 090
Apply NDDP of 03	115 090 ^^^ 123 (Display places)
Resulting formatted price	115'090
10 Yr Note FUTURE, TDF 32, NDDP 3
Original decimal price	112.625
Fractional part after conversion	20 (.625 x 32)
Integer part and fractional part	112 20
Apply NDDP of 03	112 20 ^^^ 123 (Display places)
Resulting formatted price	112'200
5 Yr Note FUTURE, TDF 32, NDDP 3
Original decimal price	108.109375
Fractional part after conversion	3.5 (.109375 x 32)
Integer part and fractional part	108 035
Apply NDDP of 03	108 035 ^^^ 123 (Display places)
Resulting formatted price	108'035
2 Yr Note FUTURE, TDF 32, NDDP 3
Original decimal price	104.8828125
Fractional part after conversion	28.25 (.8828125 x 32)
Integer part and fractional part	104 2825
Apply NDDP of 03	104 2825 ^^^ 123 (Display places)
Resulting formatted price	104'282

Decimal Price: 108.69921875

TDF = '32'

NDDP = '03'

Integer part is 108, fractional part is 0.69921875

Starting Fractional part	0.69921875
TDF = 32 Tick value after conversion	0.69921875 x 32 = 22.375
Strip decimal separator	= 22375
Apply NDDP	= 22375 ^^^ 123 (Display places)
Resulting formatted tick value	= 223

To display the full formatted price, append the formatted tick value, '223' to the original integer part, '108'.

...

Integer part is 22, fractional part is 0.5

Starting fractional part	0.5
TDF = 02 indicates that the fractional part is base-10 so no conversion is necessary.

Resulting tick value = .5

Strip decimal separator	= 5
Apply NDDP (NDDP of 00 effectively truncates the fractional portion)	= 5 ^^ 01234 (Display places)
Resulting formatted tick value	= no value, fractional portion is truncated

To display the full formatted price, append the formatted tick value, (no value) to the original integer part, '22'.

Resulting full formatted price: 22

Original decimal price	113.5078125
Fractional part after conversion (Incorrect: decimal separator should be stripped as part of formatting the fractional part)	16.25
Integer part and fractional part (Incorrect: decimal separator should be stripped as part of formatting the fractional part)	113 16.25
Apply NDDP of 03 (Incorrect: NDDP should be applied to the start of the fractional part, not the decimal separator within)	113 16.25 ^^^^ 1234 (Display places)
Resulting formatted price (Incorrect: price should be 113'162)	11316'250