developers:websocket:pricing

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developers:websocket:pricing [2025/03/14 22:36] – external edit (Unknown date) 127.0.0.1developers:websocket:pricing [2026/09/08 00:39] (current) chad
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 +<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 ====== ====== Pricing and Data Types ======
  
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 To determine the cash value of a price movement, use the **Point Value**. This represents the dollar value of a single price unit. 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**. 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. *Reference:* The **PointValue** field is found in the **MarketDetails** message.
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