ENTRY  N° 13  /  80
Glossary

Contract size

Part of the theme Derivatives and contracts.

Definition

Contract size, or contract unit, is how much of the underlying one contract represents.

It is why one contract is rarely one unit: a standard gold futures contract is 100 troy ounces and a standard Bitcoin futures contract is 5 bitcoin. The notional of one contract is the size times the current price.

Formula / example: Notional of one contract = contract size x price

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