Differences

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--- developers:websocket:pricing [2025/03/14 22:22] – chad
+++ developers:websocket:pricing [2026/09/08 00:39] (current) – chad
@@ Line 1: / Line 1: @@
+<note warning>**Legacy — V1.** This page documents the ''/v1'' WebSocket API and is retained for existing integrations. New development should use [[developers:apiv2|V2]]. See [[developers:apiv2:migrating|Migrating from V1]].</note>
 ====== Pricing and Data Types ======
@@ Line 18: / Line 20: @@
 <code>
- Price = "4200.50"
+Price = "4200.50"
- Decimal = "5.25"
+Decimal = "5.25"
 </code>
@@ Line 34: / Line 36: @@
 | **.Net** | [[https://github.com/CTS-Futures/t4-api-tools|ProtoConverters.cs]] |
+===== Understanding Price Representation =====
+The WebSocket API provides prices exactly as published by the exchange, using a **decimal format**. However, understanding price movement requires knowledge of **minimum price increments** and **point value calculations**.
+===== Minimum Price Increment =====
+Markets do not trade at arbitrary price levels; instead, they move in predefined steps known as the **Minimum Price Increment**. This defines the smallest amount by which a price can change.
+For example, if a market has a **MinPriceIncrement** of **25**, price levels would move as follows:
+  * **4000.00**
+  * **4025.00**
+  * **4050.00**
+  * **4075.00**
+  * **4100.00**
+This ensures that all price movements align with the market’s allowed increments.
+*Reference:* The **MinPriceIncrement** field is found in the **MarketDetails** message.
+===== Converting Price Differences to Cash Value =====
+To determine the cash value of a price movement, use the **Point Value**. This represents the dollar value of a single price unit.
+Formula:
+''(Price2 - Price1) × PointValue = Cash Equivalent''
+Example:
+<code>
+  Price1 = 4200.00**
+  Price2 = 4225.00**
+  Point Value = 0.5**
+  (4225.00 - 4200.00) × 0.5 = 12.5
+</code>
+This means a move from **4200.00 to 4225.00** corresponds to **$12.50 per contract**.
+*Reference:* The **PointValue** field is found in the **MarketDetails** message.