CME

Euro FX (6E) Tick Value & Contract Specs

Tick value $6.25 per tick — 125,000 Euros.

The Euro FX future (6E) is the exchange-traded way to trade EUR/USD: one contract is 125,000 euros, quoted in dollars per euro. The minimum tick is 0.00005 — half a spot-FX pip — worth $6.25 per contract, so a full pip (0.0001) is $12.50 and a 'big figure' move of one cent is $1,250 per contract. If you already think in pips, 6E's math maps across directly: one contract behaves like 1.25 standard lots of spot EUR/USD.

Traders choose futures over spot FX for central clearing, transparent exchange volume, and no rollover/swap financing embedded in the quote — differences that matter for larger accounts and US-based traders in particular. The contract trades nearly 23 hours a day and is most active during the London/New York overlap, around ECB and Fed decisions and US data releases. Use the pre-filled calculator below to turn a pip-based stop into an exact dollar figure per contract.

Exchange
CME
Contract size
125,000 Euros
Tick size
0.00005
Tick value
$6.25
Point value (multiplier)
$125000
Trading hours
Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
Margin
Margin varies by broker and typically moves with EUR/USD volatility.

How 6E tick value works

Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).

tick value = tick size × multiplier. For 6E, that is 0.00005 × $125000 = $6.25 per tick, per contract.

One contract represents 125,000 Euros. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.

Frequently asked questions

What is the tick value for 6E?
$6.25 per tick — a 0.00005 tick size × a $125000 multiplier (point value).
What is one 6E contract worth?
One contract represents 125,000 Euros. Notional value = price × $125000; use the tick value calculator with the current price for an exact figure.
Which exchange lists 6E?
Euro FX (6E) trades on the CME.
What are the trading hours for 6E?
Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
How much margin do I need to trade 6E?
Margin varies by broker and typically moves with EUR/USD volatility.
How is P&L calculated for 6E?
P&L = (exit price − entry price) ÷ 0.00005 tick size × $6.25 tick value × number of contracts. Use the tick value calculator to compute this directly.

More futures contract specs

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Specs last reviewed 2026-06-01. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.