Price limits for domestic stock index futures are revised to the following levels, effective as of the commencement of Electronic Trading Hours (ETH) on Wednesday, June 30, 2010, at 3:30 p.m. Chicago time. These limits shall be in force for the entire third calendar quarter, 2010. Limits and bands are as follows:
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 35.00 70.00 140.00 210.00 DJIAÒ Futures 500.00 1,000.00 2,050.00 3,050.00 S&P/Growthä 27.00 55.00 110.00 165.00 S&P/Valueä 25.00 50.00 100.00 150.00 NASDAQ-100Ò & E-mini 90.00 180.00 360.00 540.00 E-mini NASDAQ CompositeÒ 110.00 220.00 440.00 660.00 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 12.00 24.00 48.00 72.00 S&P Smallcap 600ä & E-miniä 17.00 34.00 68.00 102.00 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. Limits enforced during the current quarter are 1,000, 2,050 and 3,050 (limits during the second quarter of 2010 were at 1,050, 2,150 and 3,200 index points).