Differences

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--- developers:websocket:pricing [2025/03/14 22:34] – chad
+++ developers:websocket:pricing [2025/03/14 22:39] (current) – [Converting Price Differences to Cash Value] chad
@@ Line 60: / Line 60: @@
 To determine the cash value of a price movement, use the **Point Value**. This represents the dollar value of a single price unit.
-The formula is:
+Formula:
-  **(Price2 - Price1) × PointValue = Cash Equivalent**
+''(Price2 - Price1) × PointValue = Cash Equivalent''
-For example, if **PointValue** is **0.5** (as used in the ES market):
-  * **Price1 = 4200.00**
+Example:
-  * **Price2 = 4225.00**
-  * **Point Value = 0.5**
-  **(4225.00 - 4200.00) × 0.5 = 12.5**
+<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.