Intraday Limit

Intraday Limit

The largest position (either long or short) that a dealer working for an investment bank is permitted to take on a trading day. This limit is set by the bank for which each dealer works.
References in periodicals archive ?
The new intraday limit establishes minimum and maximum values, based on a reference price for each asset consisting of either the previous session's closing quote or the price of the day's first trade.
The intraday limit is an additional control to the existing limit on price fluctuations on consecutive transactions already implemented in the exchange's electronic 'Mega Bolsa' system.
Fuji Electric Holdings was down by its intraday limit of 100 yen to 412 yen.