The CSX originally set its daily price limit
at a relatively low 5 percent in an effort to maintain stability on its freshly established trading platform and avoid radical changes in the market.
The first one will be the relaxation of the daily price limit
from the present 7%, to 10%.
No wonder ICBC, Agricultural Bank of China and Bank of China all fell by the daily price limit
of 10 per cent.
Shortly after, in October 2008, at the peak of the global financial crises, the daily price limit
was made symmetrical at 5 per cent at both the minimum and maximum thresholds.
(10) The day on which the IPO firm's closing price first falls within the daily price limit
rather than the offering day is taken as the cutoff point.
Third is allowance for investors to engage in intraday trading, so as to hedge against higher investment risks associated with the increase of daily price limit
Each commodity has a daily price limit
, and once that limit is reached trading stops for the day.
Prices climbed to a peak on May 21, the day after the daily price limit
rule was lifted, and then declined so that by October prices were back to the beginning of year price levels.
First, we examine the economic role of daily price limits
in futures markets in an effort to isolate or characterize the basic tradeoff(s) involved in a rational daily price limit
China stock market has daily price limits
Steenbeek, 1998, "The Influence of Daily Price Limits
on Trading in Nikkei Futures", Journal of Futures Markets, 18(3), pp.