Futures · Pro
Contract multiplier
What does Contract multiplier mean?
A contract multiplier converts a quoted price or price change into the monetary exposure or result for a contract. Its units depend on the product.
Example
With a $10-per-point multiplier, a three-point move changes one contract’s value by $30.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Different contracts can track similar markets with very different dollar exposure.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.