ZT - 2yr US Treasury. 1/8th of a 32nd.
The 2yr (ZT) is priced in1/8ths of a 32nd. Why skip `004s? I think it is more intuitive to price 1,2,3,4,5,6,7,0 instead of skipping a number midrange. This should be a relatively simple fix from a coding standpoint.
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Hello Todd,
Thank you very much for your post.
We are currently investigating this on our end and will follow up with you as soon as possible.
Thank you in advance for your patience! -
Hello Todd,
After discussing this with our Product Management Team, it seems the underlying issue is based on how these values are rounded after a tick-size change the ZT experienced in 2019.
As 1 tick is 1/8th of 1/32nd of 1 point, each value is rounded to the closest fraction, which then leaves these gaps between the fractions.
As this is a basic rounding setting, it would not be possible to modify this behavior in the platform directly without adjusting the underlying system.
Should you have any further questions in this regard, please don't hesitate to let us know!Comment
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