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