Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | 2nd Quarter 2003 Stock Index Futures Price Limits - Effective Today, Monday, April 1, 2003.
Notice Date | April 1, 2003
Notice Number | Q2003-23
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 on Tuesday, April 1 at 5:30a.m. The revised limits shall be applicable throughout the 2nd calendar quarter, 2003. * 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. Please view the attached notice for more information. Thank you.