تأثیر کاهش تیک اندازه در بازارهای آتی ارز خارجی

The Chicago Mercantile Exchange (CME) recently reduced the tick sizes of three foreign currency futures contracts: the Mexican peso, the Japanese yen, and the euro. We examine the impact of tick-size reductions on market quality in these three futures contracts. We find significant evidence of increased market quality for the Mexican peso contracts, but less significant evidence for the other two contracts.