Market  Data Advisory Notices
To Market Data Distributors
From Market Data Operations
Subject Stock Index Price Limits to be Revised Effective for 1st Quarter 2006
Notice Date 2005-12-29
Notice Number Q2005-180
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 Monday, January 2 at 5:00 p.m.  The revised limits shall be applicable throughout the 1st calendar quarter, 2006. 

Please see 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.