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Stock Index Price Limits Revised - Effective for 4th Quarter 2009
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- To
- Quote Vendors
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- From
- Market Data Operations
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- #
- Q2009-216
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- Notice Date
- 01 October 2009
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- Effective Date
- 30 September 2009
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Price limits for domestic stock index futures are revised to the following levels, were effective as of the commencement of Electronic Trading Hours (ETH) on Wednesday, September 30, 2009, at 3:30 p.m. Chicago time. These limits shall be in force for the entire fourth calendar quarter, 2009.
4th Quarter 2009 Stock Index Price
Contracts
5% Limit (Overnight Hours) up and down
10% Limit
Down only
20% Limit Down only
30% Limit Down only
S&P 500Ò & E-miniä&Euro Denominated
50.00
100.00
200.00
300.00
MidCap 400ä & E-mini
32.00
65.00
130.00
195.00
DJIAÒ Futures
500.00
950.00
1,950.00
2,900.00
S&P/Citigroup Growthä
25.00
50.00
100.00
150.00
S&P/Citigroup Valueä
22.00
45.00
90.00
135.00
NASDAQ-100Ò & E-mini
80.00
160.00
320.00
480.00
E-mini NASDAQ CompositeÒ
105.00
210.00
420.00
630.00
E-mini NASDAQ BiotechnologyÒ
40.00
80.00
160.00
240.00
S&P 500 Financial
SPCTRä
9.00
18.00
36.00
54.00
S&P 500 Technology (Telecom/IT) SPCTRä
11.00
22.00
44.00
66.00
S&P Smallcap 600ä & E-miniä
15.00
30.00
60.00
90.00
All TRAKRSSM
Exchange Rules call for the limits to be re-calculated quarterly at the close of business on the day preceding the commencement of a new calendar quarter.
The Exchange’s price limits are re-assessed quarterly rather than established at fixed levels insofar as fixed limits are not responsive to on-going market fluctuations. Exchange Rules are designed to coordinate with circuit breaker provisions as applied by the New York Stock Exchange (NYSE).
The NYSE enforces limits at 10%, 20% and 30% declines of the Dow Jones Industrial Average (DJIA), calculated at the beginning of each calendar quarter, using the average closing value of the DJIA for the prior month, rounded to the nearest 50 points.
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