CME Reduces Tick Size of CAD/USD Futures

Effective Sunday, July 10th 2016, the minimum price increment for the CME’s standard-size CAD/USD futures (6C) will be reduced from 1-pip ($10.00 per contract) to 1/2-pip ($5.00 per contract). The shift to half ticks is expected to provide more actionable liquidity.

As a result of this change, users of NinjaTrader will need to update their 6C Futures Instrument “Tick size” property from 0.0001 to 0.00005 to receive accurate quotes and ensure consistent execution prices. Included below are instructions to make the required changes along with a quick video tutorial reviewing the process.

You can read the official CME Group notice here. If you have any questions regarding these updates, please contact us at platformsupport@ninjatrader.com.

NinjaTrader 7

  • From the Control Center, click Tools > Instrument Manager
  • Enter “6C” in the Name field, then click “Search”
  • Double-click the 6C listing that appears
  • Open the “Tick Size" drop-down menu, then select a new value to "0.00005"
  • Click “OK” to save the change
CME Reduces Tick Size of CAD/USD Futures

NinjaTrader 8

Will update automatically on startup Monday, July 11th. If you wish to manually edit the tick size before then, please use the steps below.

  • From the Control Center, click Tools > Instruments
  • Enter “6C" in the search field and search results will appear automatically
  • Double-click the 6C listing that appears
  • Open the “Tick Size” drop-down menu, then select the new value “0.00005”
  • Click “OK” to save the change
CME Reduces Tick Size of CAD/USD Futures