According to this rule then a trader's minimum loss is $12.50.
Is that correct?
Price Increments[2]
Bids and offers shall be quoted in terms of the Standard and Poor's 500 Stock Price Index. The minimum fluctuation of the futures contract shall be .25 index points, equivalent to $12.50 per contract. Trades may also occur in multiples of .05 index points, for E-Mini S&P 500 futures calendar spreads executed as simultaneous transactions pursuant to Rule 542.A.
Is that correct?
Price Increments[2]
Bids and offers shall be quoted in terms of the Standard and Poor's 500 Stock Price Index. The minimum fluctuation of the futures contract shall be .25 index points, equivalent to $12.50 per contract. Trades may also occur in multiples of .05 index points, for E-Mini S&P 500 futures calendar spreads executed as simultaneous transactions pursuant to Rule 542.A.
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