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CNX Nifty Index Futures Price Limits Effective for May 2014 Contract Month
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- To
- Members, Member Firms and Market Users
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- From
- Research and Product Development
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- #
- SER-7082
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- Notice Date
- 30 April 2014
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- Effective Date
- 01 May 2014
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Effective Wednesday, April 30, 2014 for trade date Thursday, May 1, 2014, the Chicago Mercantile Exchange Inc. (CME or Exchange) will amend price limits for E-mini CNX Nifty Index Futures (rulebook chapter: 381; CME Globex and clearing code: EMF) and E-micro CNX Nifty Index Futures (rulebook chapter: 382; CME Globex code: MNF; clearing code: II) commencing with the May 2014 contract month as described below. These contracts are listed for trading on CME Globex and for submission for clearing through CME ClearPort.
May 2014 CNX Nifty Stock Index Futures Price Limits
Contracts
10% up and down
15% up and down
20% up and down
E-mini CNX Nifty Index Futures
660.00
990.00
1,320.00
E-micro CNX Nifty Index Futures
660.00
990.00
1,320.00
Exchange Rules call for the limits to be re-calculated monthly at the close of business on the day preceding the commencement of a new calendar month (rules: 38102.I and 38202.I. Price Limits, Trading Halts, and/or Trading Hours).
Please consult the Rulebook for a complete description of the application of the circuit breaker provisions (rules chapter: 38102.I and 38202.I. Price Limits, Trading Halts, and/or Trading Hours).
Inquiries regarding the aforementioned may be directed to Lucy Wang, Research and Product Development at 312-648-5478 or lucy.wang@cmegroup.com; or John Nyhoff, Research and Product Development at 312-930-2310 or john.nyhoff@cmegroup.com.
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