Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Stock Index Price Limits to be Revised Effective for 4th Quarter 2005
Notice Date | 2005-09-23
Notice Number | Q2005-135
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 Friday, September 30 at 3:30 p.m. The revised limits shall be applicable throughout the 4th calendar quarter, 2005. If limits were calculated using data collected through Thursday, September 22, price limits for the 4th calendar quarter of 2005 would be as set forth below. The official calculation will occur at the close of business on Friday, September 30. Details of the revised limits will appear on the Exchange’s Web site at www.cme.com shortly thereafter, and a Special Executive Report will appear on the Exchange floor before the opening of Regular Trading Hours (RTH) on Monday, October 3. Please view the attached notice for more information. ·Note, however, that futures on any TRAKRSSMIndex trade without explicit price limits. Rather, TRAKRS Rules require trading halts coordinated with trading halts in the primary security markets.