Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Stock Index Price Limits to be Revised Effective for 4th Quarter 2004
Notice Date | 2004-09-23
Notice Number | Q2004-116
Effective Date |
Exchange price limit rules for domestic stock index futures· call for a quarterly re-assessment of price limits based on prevailing market prices. Limits are calculated quarterly at the close of business on the day preceding the commencement of a new calendar quarter. Thus, new limits shall become effective with the commencement of Electronic Trading Hours (ETH) on Thursday, September 30 at 3:30 p.m. The revised limits shall be applicable throughout the 4th calendar quarter, 2004. Please view the for important information. Thank you. ·Note, however, that futures on any TRAKRS Index trade without explicit price limits. Rather, TRAKRS Rules require trading halts coordinated with trading halts in the primary security markets.