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Date/Time: Thu, 23 Jan 2025 22:46:19 +0000



Post From: Question about tick sizes

[2017-08-03 06:10:40]
Sporken - Posts: 82
Hi, maybe this is something simple, but I'm a little confused.

I noticed that the Global symbol settings for GBPNZD (British Pound/New Zealand Dollar) show the "Tick Size" = 0.0001
But, on screen, I see price fluctuations of the Bid and Ask at 0.00001 resolution.

I recorded my screen to be certain and when I replay the video back I see a Bid price change from 0.78776 to 0.78775. For example.

My live prices come from SCData.

When I look on BarChart.com I see the same, 0.00001 resolution. I think this is where the SCData comes from.
https://www.barchart.com/forex/quotes/%5EGBPNZD/overview

Are the Global Symbol Settings correct? I assumed the tick size would correspond with the minimum price fluctuation I see on the Bid and Ask prices.