The first one will be the relaxation of the daily price limit
from the present 7%, to 10%.
The current daily price limit
for CME Feeder Cattle futures is $3.
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
In response to significant increases in prices and volatility in the market, we recently proposed daily price limit
increases in Corn futures," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group.
These changes supercede the recent changes to the daily price limits
for CBOT Wheat contracts and cap the maximum daily price limit
, after two expansions, at $1.
25 per Contract) Daily Price Limit
+/- 10% from previous settlement price with a 15 Minutes Cooling Off Period to be followed with an expanded limit of +/- 15% and will apply from the session beginning at 23.
05 limit, the daily price limit
for the December 2003 contract only shall be expanded by $0.
CME's daily price limit
schedule was revised on Oct.
However, a similar drop in indices in the Middle Eastern markets are unlikely due to the daily price limits
set by most exchanges and [which] act as a intraday safety net.
9, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it had received CFTC approval of its proposal to increase daily price limits
for Corn futures and options.
CHICAGO, March 10 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that, pending CFTC approval, daily price limits
will increase March 28, 2008, for corn, mini-sized corn, soybeans, mini-sized soybeans and soybean oil futures and options on futures contracts.