The notional value is the total amount of capital associated with a security's underlying at its spot price. The notional value distinguishes between the amount of money invested and the amount associated with the whole transaction. The notional value is calculated by multiplying the units in one contract by the spot price.
For example, assume an investor wants to buy one gold futures contract. One futures contract entitles the buyer to 100 troy ounces of gold. If gold futures are trading at $1,000, then one gold futures contract has a notional value of $100,000 (100 * $1000). It is important to know the notional value of what you are trading so you can determine how much risk to take on.
Here is a list to help you calculate the current notional values of contracts you can trade on Stealth (multiply the current contract price by the notional value multiplier):
| Symbol | Contract | Contract Size | Tick Value | Notional Value Multiplier |
| DX | U.S. Dollar Index | $1,000 times Index | 0.01 points ($10.00 per contract) | 1000 |
| 6B | British Pound | GBP 62,500 | 0.0001 points ($6.25 per contract) | 62500 |
| 6C | Canadian Dollar | CAD 100,000 | 0.0001 points ($10.00 per contract) | 100000 |
| 6J | Japanese Yen | JPY 12,500,000 | 0.000001 points ($12.50 per contract) | 125000 |
| 6S | Swiss Franc | 125,000 | 0.0001 points ($12.50 per contract) | 125000 |
| 6E | Euro FX | EUR 125,000 | 0.0001 points ($12.50 per contract) | 125000 |
| 6A | Australian Dollar | AUD 100,000 | 0.0001 points ($10.00 per contract) | 100000 |
| 6N | New Zealand Dollar | NZD 100,000 | 0.0001 points ($10.00 per contract) | 100000 |
| CL | Crude Oil WTI | 1,000 U.S. barrels (42,000 gallons) | 1 cent per barrel ($10.00 per contract) | 1000 |
| HO | Heating Oil | 42,000 gallons | $0.0001 (0.01 cent) per gallon ($4.20 per contract) | 42000 |
| RB | Gasoline RBOB | 42,000 gallons | $0.0001 (0.01 cent) per gallon ($4.20 per contract) | 42000 |
| NG | Natural Gas | 10,000 MMBtu (million British thermal units) | 0.1 cent per MMBtu ($10.00 per contract) | 10000 |
| QM | Crude Oil Brent (F) | 1,000 barrels (42,000 gallons) | 1 cent per barrel ($10.00 per contract) | 1000 |
| ZB | T-Bond | 100000 | 32nds of a point ($31.25 per contract) | 1000 |
| ZN | 10-Year T-Note | 100000 | One half of 1/32 of a point ($15.625 per contract) | 1000 |
| ZF | 5-Year T-Note | 100000 | One quarter of 1/32 of a point ($7.8125 per contract) | 1000 |
| ZT | 2-Year T-Note | 200000 | One quarter of 1/32 of a point ($15.625 per contract) | 2000 |
| ZQ | 30-Day Fed Funds | 5000000 | Increments of 0.00005 percent of $5 million on a 30-day basis in the spot month only ($20.84) | 4167 |
| GE | Eurodollar | 1000000 | 0.005 points ($12.50 per contract) | 2500 |
| ZW | Wheat | 5,000 bushels | 1/4 cent per bushel ($12.50 per contract) | 50 |
| ZC | Corn | 5,000 bushels | 1/4 cent per bushel ($12.50 per contract) | 50 |
| ZS | Soybeans | 5,000 bushels | 1/4 cent per bushel ($12.50 per contract) | 50 |
| ZM | Soybean Meal | 100 tons (2,000 pounds per ton) | 10 cents per ton ($10.00 per contract) | 100 |
| ZL | Soybean Oil | 60,000 pounds | 0.01 points ($6.00 per contract) | 600 |
| ZO | Oats | 5,000 bushels | 1/4 cent per bushel ($12.50 per contract) | 50 |
| ZR | Rough Rice | 2,000 cwt | 1/2 cent per cwt ($10.00 per contract) | 2000 |
| ES | E-Mini S&P 500 | $50 times Index | 0.25 points ($12.50 per contract) | 50 |
| NQ | E-Mini Nasdaq 100 | $20 times Index | 0.25 points ($5.00 per contact) | 20 |
| YM | DJIA mini-sized | $5 times Index | 1 point ($5.00 per contract) | 5 |
| TF | Russell 2000 Mini | $100 times Index | 0.1 points ($10.00 per contract) | 100 |
| EW | E-Mini S&P Midcap | $100 times Index | 0.10 points ($10.00 per contract) | 100 |
| SP | S&P 500 Index | $250 times Index | 0.10 points ($25.00 per contract) | 250 |
| ND | Nasdaq 100 | $100 times Index | 0.25 points ($25.00 per contact) | 100 |
| DJ | DJIA | $10 times Index | 1 point ($10.00 per contract) | 10 |
| VIX | CBOE S&P 500 VIX | $1000 times Index | 0.05 points ($50.00 per contract) | 1000 |
| GF | Feeder Cattle | 50,000 pounds | 0.025 cents per pound ($12.50 per contract) | 500 |
| GC | Gold | 100 fine troy ounces | 0.10 (10 cents) per troy ounce ($10.00 per contract) | 100 |
| SI | Silver | 5,000 troy ounces | $0.005 per troy ounce ($25.00 per contract) (Settlement $0.001) | 5000 |
| HG | High Grade Copper | 25,000 pounds | 0.0005 cents per pound ($12.50 per contract) | 25000 |
| CT | Cotton #2 | 50,000 pounds (approximately 100 bales) | 0.01 cents per pound ($5.00 per contract) | 500 |
| KC | Coffee | 37,500 pounds (approximately 250 bags) | 0.05 cents per pound ($18.75 per contract) | 375 |
| SB | Sugar #11 | 112,000 pounds (50 long tonnes) | 0.01 cents per pound ($11.20 per contract) | 1120 |
| CC | Cocoa | 10 metric tonnes (22,046 pounds) | $1.00 per metric tonne ($10.00 per contract) | 10 |
