Point value (2024)

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A multiplication factor used to convert a reported price-per-unit of a commodity to the contract price. The definition of point value can vary from trader-to-trader. The purpose of the point value is to determine the price of a complete contract or to determine profit or loss. Therefore, you must know the contract size and the price quote to accurately the point value in making the desired conversion to dollars.

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Point value (2024)
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