Lock Limit

Lock Limit

A price that a futures contract may not exceed or drop below on a given trading day. For example, if the lock limit is $25 for a given contract and it had previously been trading at $22, the exchange will not allow the contract to trade above $25. Likewise, if it were previously trading at $28, it would not be permitted to trade below $25. Futures exchanges set lock limits in order to protect investors from the excessive volatility often involved in futures trading.
References in periodicals archive ?
Tenders are invited for Big Limit Switch In Lock Limit Switch With Adjustable Lever Jlsla-2 No-2 Nc
Active Directory (using LDAP) helps provide easy network user authentication, while Secure Function Lock limits accessibility to machine functions on a per user or group basis, for up to 100 users, to help prevent the unauthorized transfer of sensitive information.
Throughout the weekend, Beezid will be featuring special locks, ensuring that all who participate will be able to enjoy the event, despite their previous lock limits.
As the lock limits the use of handsets to the carrier's own network, the communications ministry released a guideline last year calling on cellphone operators to voluntarily unlock their handsets to give more freedom of choice to customers.
The most frustrating element is how Lock limits their range of motion with recurring steps and gestures, tantalizing us with all his dancers could do if he would let them.