• CNX Nifty Index Futures Price Limits Effective for November 2014

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7230R
      • Notice Date
      • 31 October 2014
      • Effective Date
      • 02 November 2014
    • (This SER supersedes SER #7230 dated October 31, 2014 to correct the 20% up and down November 2014 CNX Nifty Stock Index Futures Price Limits)

       

       

       

      Effective Sunday, November 2, 2014 for trade date Monday, November 3, 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.

       

       

      November 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

      830.00

      1,245.00

      1,660.00

      E-micro CNX Nifty Index Futures

      830.00

      1,245.00

      1,660.00

       

       

       

      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 Kerpel, Research and Product Development at 312-930-1371 or john.kerpel@cmegroup.com.

       

       

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