• CNX Nifty Index Futures Price Limits Effective for June 2014 Contract Month

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7108
      • Notice Date
      • 30 May 2014
      • Effective Date
      • 01 June 2014

    • Effective Sunday, June 1, 2014 for trade date Monday, June 2, 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) as described below.  These contracts are listed for trading on CME Globex and for submission for clearing through CME ClearPort.

       

       

      June 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

      720.00

      1,080.00

      1,440.00

      E-micro CNX Nifty Index Futures

      720.00

      1,080.00

      1,440.00

       

       

       

       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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