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Date/Time: Sat, 05 Jul 2025 06:56:25 +0000



Post From: Lmax/Sierra instrument information

[2017-10-30 20:04:47]
grantx - Posts: 244
Sierra is configured as follows for Gold spot (XAUUSD) using LMAX LIVE DTC:
Tick value = $ 0.05
Tick size= 0.05

But the instrument information from LMAX:
Tick value = $ 0.10
Tick size= 0.01


So lets say gold moves +100 ticks: 1276.00 - 1277.00.
According to the LMAX that would be a $10 change in price on 1 contract.
But, according to the Sierra that would be a $1 change in price on 1 contract.

Why is Sierra configuration different to Lmax?
Date Time Of Last Edit: 2017-10-30 22:44:35