CME Group announces a delay in implementing new CME and CBOT Equity Index Futures Price Limit Rules from Monday, February 4, 2013 until Monday, April 8, 2013.
On May 31, 2012 the Securities Exchange Commission ("SEC") issued an order to establish a one-year Pilot Program, effective February 4, 2013, to implement equity market rule changes to limit the impact of exceptional equity market price volatility. The rule changes associated with the SEC's Pilot Program require that equity index price limits be calculated on a daily basis rather than on a quarterly basis. The SEC indicated that the change to calculating circuit breaker levels daily would improve the calibration and sensitivity of U.S. equity market circuit breakers.
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