How Prices Are Quoted
by National Futures Association (NFA)
Futures prices are usually quoted the same way prices are quoted in the cash market; in dollars, cents, and sometimes fractions of a cent, per bushel, pound or ounce; in points and percentages of a point for financial instruments; and in terms of an index number, for stock index contracts. Be certain you understand the price quotation system for the particular futures contract you are considering.
Reprinted with permission from the National Futures Association. Copyright 2002.