Price Limits

Check daily price limits during the trading day to make sure your trades are never left hanging during a price limit halt. Find daily price limits for CME Group Agricultural, Energy, Equity Index, Interest Rates, and Metals products.

A price limit is the maximum price range permitted for a futures contract in each trading session. When markets hit the price limit, different actions occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, remain in a limit condition or stop trading for the day, based on regulatory rules.

Find price limits for leading Agricultural futures products, including calendar spread limits.

Current Daily Price Limit

For trade date Monday, April 13, 2020, price limits for the following agricultural commodities will be:

Commodity Outrights Calendar Spreads
Australian Wheat FOB (Platts) Futures $50.00 N/A
Black Sea Corn Financially Settled (Platts) Futures $35.00 $70.00
Black Sea Sunflower Oil Financially Settled (Platts) Futures $145.00 N/A
Black Sea Wheat Financially Settled (Platts) Futures $40.00 $80.00
Block Cheese Futures $0.075 $0.150
Cash Butter $0.05 $0.10
Cash Settled Cheese $0.075 $0.15
Chicago SRW Wheat & mini-sized Chicago SRW Wheat   $0.35 $0.70
Class III Milk Futures $0.75 $1.50
Class IV Milk Futures $0.75 $1.50
Corn & mini-sized Corn $0.25 $0.50
Dry Whey $0.06 $0.12
Ethanol $0.30 $0.60
Feeder Cattle  $0.045 $0.09
KC HRW Wheat & mini-sized KC HRW Wheat $0.35 $0.70
Lean Hog $0.0375 $0.075
Live Cattle $0.03 $0.06
Lumber $27.00 $54.00
MGEX Wheat and MGEX Wheat Options $0.60 $1.20
Non Fat Dry Milk $0.04 $0.08
Oats $0.20 $0.40
Rough Rice $0.85 $1.70
Soybean Crush

$1.26

 N/A
Soybean Meal $20.00 $40.00
Soybean Oil $0.020 $0.040
Soybeans & mini-sized Soybeans $0.60 $1.20

* Note expansion changes in bold text

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Expanded Price Limits

See SER-8468 for details on variable price limit calculations.

Commodity Expanded Price Limit
Australian Wheat FOB (Platts) Futures $75.00
Black Sea Corn Financially Settled (Platts) Futures $52.50
Black Sea Sunflower Oil Financially Settled (Platts) Futures $220.00
Black Sea Wheat Financially Settled (Platts) Futures $60.00
Block Cheese Futures $0.15
Cash Butter $0.10
Cash Settled Cheese $0.15
Chicago SRW Wheat $0.55
Corn $0.40
Dry Whey $0.12
Feeder Cattle $0.0675
KC HRW Wheat $0.55
Lean Hog $0.055
Live Cattle $0.045
Lumber $27.00
Non Fat Dry Milk $0.08
Oats $0.30
Rough Rice $1.30
Soybean Crush $1.89
Soybean Meal $30.00
Soybean Oil $0.030
Soybeans $.90

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    Effective as of March 19, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of CL, QM, WS, BZ and all Associated Products. See SER 8566 for additional information.

    Effective as of March 13, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of PA, RB, HO and all Associated Products. See SER 8561 for additional information.

These products use Dynamic Circuit Breakers. Limits update using a variant derived from the prior day’s settlement. DCB FAQs can be found here.

Natural Gas

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Crude Oil

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Refined Products

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CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE).

  • 7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 2:25 p.m. CT. Mondays through Fridays. From 2:25 p.m. to 3:00 p.m. CT, only the 20% price limit will be applied to the futures price fixing.
  • 5% up-and-down limits are effective 5:00 p.m. - 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. - 4:00 p.m. CT, Mondays through Fridays. Between 3:00 p.m. - 4:00 p.m. the 5% price limit will not be allowed to breech the 20% daily limit.
  • The fixing price is the volume weighted average price, VWAP, calculated during the 30 seconds of trading from 2:59:30 p.m. – 3:00:00 p.m. CT. View Equity Index Fixing Prices page

    Limits for prelisted contracts will not be accurate until activation date

Bitcoin

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Equity Limits

ContractsReference Price5% Price Limit (Overnight Hours) & 5:00 p.m. to 8:30 a.m. up and down7% Price Limit Down only13% Price Limit Down only20% Price Limit Down only
E-mini S&P 500 Futures (ESM0) 277900291800 /
264000		258400241650222150
E-mini S&P 500 ESG Index Futures (ESGM0) 2360024784 /
22416		219422052018862
E-mini S&P 500 Futures (ESU0) 277150291050 /
263250		257650240900221400
E-mini S&P 500 ESG Index Futures (ESGU0) 2371824902 /
22534		220602063818980
E-mini S&P 500 Futures (ESZ0) 276500290400 /
262600		257000240250220750
E-mini S&P 500 ESG Index Futures (ESGZ0) 2373224916 /
22548		220742065218994
E-mini S&P 500 Futures (ESH1) 275850289750 /
261950		256350239600220100
E-mini S&P 500 ESG Index Futures (ESGH1) 2374624930 /
22562		220882066619008
E-mini S&P 500 Futures (ESM1) 275750289650 /
261850		256250239500220000
E-mini S&P 500 ESG Index Futures (ESGM1) 2376024944 /
22576		221022068019022
E-mini Nasdaq-100 Futures (NQM0) 822200863375 /
781025		764550715100657450
E-mini Nasdaq-100 Futures (NQU0) 821625862800 /
780450		763975714525656875
E-mini Nasdaq-100 Futures (NQZ0) 820375861550 /
779200		762725713275655625
E-mini Nasdaq-100 Futures (NQH1) 817725858900 /
776550		760075710625652975
E-mini Nasdaq-100 Futures (NQM1) 816225857400 /
775050		758575709125651475
E-mini Dow ($5) Futures (YMM0) 2359624781 /
22411		219362051318853
E-mini Dow ($5) Futures (YMU0) 2351724702 /
22332		218572043418774
E-mini Dow ($5) Futures (YMZ0) 2342224607 /
22237		217622033918679
E-mini Dow ($5) Futures (YMH1) 2326024445 /
22075		216002017718517
Dow Jones Real Estate Futures (JRM0) 31103265 /
2955		289227062488
Dow Jones Real Estate Futures (JRU0) 30883243 /
2933		287026842466
Dow Jones Real Estate Futures (JRZ0) 30733228 /
2918		285526692451
Dow Jones Real Estate Futures (JRH1) 30583213 /
2903		284026542436
E-mini Communication Services Select Sector Futures (XAZM0) 2438025595 /
23165		226752121519510
E-mini Communication Services Select Sector Futures (XAZU0) 2451525730 /
23300		228102135019645
E-mini Communication Services Select Sector Futures (XAZZ0) 2460025815 /
23385		228952143519730
E-mini Communication Services Select Sector Futures (XAZH1) 2468025895 /
23465		229752151519810
E-mini Communication Services Select Sector Futures (XAZM1) 2476025975 /
23545		230552159519890
E-mini Consumer Discretionary Select Sector Futures (XAYM0) 107510112900 /
102120		999709350085950
E-mini Consumer Discretionary Select Sector Futures (XAYU0) 108110113500 /
102720		1005709410086550
E-mini Consumer Discretionary Select Sector Futures (XAYZ0) 108270113660 /
102880		1007309426086710
E-mini Consumer Discretionary Select Sector Futures (XAYH1) 108420113810 /
103030		1008809441086860
E-mini Consumer Discretionary Select Sector Futures (XAYM1) 108580113970 /
103190		1010409457087020
E-mini Consumer Staples Select Sector Futures (XAPM0) 5835061270 /
55430		542605075046650
E-mini Consumer Staples Select Sector Futures (XAPU0) 5838061300 /
55460		542905078046680
E-mini Consumer Staples Select Sector Futures (XAPZ0) 5829061210 /
55370		542005069046590
E-mini Consumer Staples Select Sector Futures (XAPH1) 5821061130 /
55290		541205061046510
E-mini Consumer Staples Select Sector Futures (XAPM1) 5812061040 /
55200		540305052046420
E-mini Energy Select Sector Futures (XAEM0) 3523037000 /
33460		327503062028130
E-mini Energy Select Sector Futures (XAEU0) 3550037270 /
33730		330203089028400
E-mini Energy Select Sector Futures (XAEZ0) 3547037240 /
33700		329903086028370
E-mini Energy Select Sector Futures (XAEH1) 3544037210 /
33670		329603083028340
E-mini Energy Select Sector Futures (XAEM1) 3541037180 /
33640		329303080028310
E-mini Financial Select Sector Futures (XAFM0) 2873030160 /
27300		267202499022980
E-mini Financial Select Sector Futures (XAFU0) 2891030340 /
27480		269002517023160
E-mini Financial Select Sector Futures (XAFZ0) 2897030400 /
27540		269602523023220
E-mini Financial Select Sector Futures (XAFH1) 2904030470 /
27610		270302530023290
E-mini Financial Select Sector Futures (XAFM1) 2910030530 /
27670		270902536023350
E-mini FTSE Emerging Index Futures (EIM0) 4334045550 /
41130		402503760034500
E-mini FTSE Emerging Index Futures (EIU0) 4362045830 /
41410		405303788034780
E-mini FTSE Emerging Index Futures (EIZ0) 4332045530 /
41110		402303758034480
E-mini FTSE Emerging Index Futures (EIH1) 4302045230 /
40810		399303728034180
E-mini FTSE Emerging Index Futures (EIM1) 4272044930 /
40510		396303698033880
E-mini Health Care Select Sector Futures (XAVM0) 95670100460 /
90880		889608321076490
E-mini Health Care Select Sector Futures (XAVU0) 95900100690 /
91110		891908344076720
E-mini Health Care Select Sector Futures (XAVZ0) 95880100670 /
91090		891708342076700
E-mini Health Care Select Sector Futures (XAVH1) 95870100660 /
91080		891608341076690
E-mini Health Care Select Sector Futures (XAVM1) 95860100650 /
91070		891508340076680
E-mini Industrial Select Sector Futures (XAIM0) 6330066480 /
60120		588505503050570
E-mini Industrial Select Sector Futures (XAIU0) 6388067060 /
60700		594305561051150
E-mini Industrial Select Sector Futures (XAIZ0) 6399067170 /
60810		595405572051260
E-mini Industrial Select Sector Futures (XAIH1) 6410067280 /
60920		596505583051370
E-mini Industrial Select Sector Futures (XAIM1) 6421067390 /
61030		597605594051480
E-mini IPOX 100 U.S. Index Futures (IPOM0) 299600314500 /
284700		278700260700239700
E-mini IPOX 100 U.S. Index Futures (IPOU0) 299500314400 /
284600		278600260600239600
E-mini IPOX 100 U.S. Index Futures (IPOZ0) 299400314300 /
284500		278500260500239500
E-mini IPOX 100 U.S. Index Futures (IPOH1) 299400314300 /
284500		278500260500239500
E-mini IPOX 100 U.S. Index Futures (IPOM1) 299300314200 /
284400		278400260400239400
E-mini Materials Select Sector Futures (XABM0) 5423056950 /
51510		504304716043350
E-mini Materials Select Sector Futures (XABU0) 5444057160 /
51720		506404737043560
E-mini Materials Select Sector Futures (XABZ0) 5446057180 /
51740		506604739043580
E-mini Materials Select Sector Futures (XABH1) 5448057200 /
51760		506804741043600
E-mini Materials Select Sector Futures (XABM1) 5450057220 /
51780		507004743043620
E-mini Nasdaq-100 Biotechnology Index Futures (BIOM0) 357570375460 /
339680		332520311050286000
E-mini Nasdaq-100 Biotechnology Index Futures (BIOU0) 361770379660 /
343880		336720315250290200
E-mini Nasdaq-100 Biotechnology Index Futures (BIOZ0) 363970381860 /
346080		338920317450292400
E-mini Nasdaq-100 Biotechnology Index Futures (BIOH1) 366160384050 /
348270		341110319640294590
E-mini Nasdaq-100 Biotechnology Index Futures (BIOM1) 368360386250 /
350470		343310321840296790
E-mini Nasdaq Composite Futures (QCNM0) 813950854700 /
773200		756900708000650900
E-mini Nasdaq Composite Futures (QCNU0) 812750853500 /
772000		755700706800649700
E-mini Real Estate Select Sector Futures (XARM0) 1719018050 /
16330		159851495013745
E-mini Real Estate Select Sector Futures (XARU0) 1711517975 /
16255		159101487513670
E-mini Real Estate Select Sector Futures (XARZ0) 1703517895 /
16175		158301479513590
E-mini Real Estate Select Sector Futures (XARH1) 1696017820 /
16100		157551472013515
E-mini Real Estate Select Sector Futures (XARM1) 1688017740 /
16020		156751464013435
E-mini Russell 1000 Growth Index Futures (RSGM0) 161420169510 /
153330		150090140380129040
E-mini Russell 1000 Growth Index Futures (RSGU0) 161140169230 /
153050		149810140100128760
E-mini Russell 1000 Growth Index Futures (RSGZ0) 160700168790 /
152610		149370139660128320
E-mini Russell 1000 Growth Index Futures (RSGH1) 160250168340 /
152160		148920139210127870
E-mini Russell 1000 Growth Index Futures (RSGM1) 159810167900 /
151720		148480138770127430
E-mini Russell 1000 Index Futures (RS1M0) 152490160140 /
144840		141780132600121890
E-mini Russell 1000 Index Futures (RS1U0) 152070159720 /
144420		141360132180121470
E-mini Russell 1000 Index Futures (RS1Z0) 151520159170 /
143870		140810131630120920
E-mini Russell 1000 Index Futures (RS1H1) 150970158620 /
143320		140260131080120370
E-mini Russell 1000 Index Futures (RS1M1) 150410158060 /
142760		139700130520119810
E-mini Russell 1000 Value Index Futures (RSVM0) 107410112780 /
102040		999009345085930
E-mini Russell 1000 Value Index Futures (RSVU0) 106620111990 /
101250		991109266085140
E-mini Russell 1000 Value Index Futures (RSVZ0) 106140111510 /
100770		986309218084660
E-mini Russell 1000 Value Index Futures (RSVH1) 105650111020 /
100280		981409169084170
E-mini Russell 1000 Value Index Futures (RSVM1) 105170110540 /
99800		976609121083690
E-mini Russell 2000 Growth Index Futures (R2GM0) 8659090910 /
82270		805407535069300
E-mini Russell 2000 Growth Index Futures (R2GU0) 8684091160 /
82520		807907560069550
E-mini Russell 2000 Growth Index Futures (R2GZ0) 8709091410 /
82770		810407585069800
E-mini Russell 2000 Growth Index Futures (R2GH1) 8734091660 /
83020		812907610070050
E-mini Russell 2000 Growth Index Futures (R2GM1) 8760091920 /
83280		815507636070310
E-mini Russell 2000 Index Futures (RTYM0) 124300130530 /
118070		11558010810099370
E-mini Russell 2000 Index Futures (RTYU0) 124200130430 /
117970		11548010800099270
E-mini Russell 2000 Index Futures (RTYZ0) 123680129910 /
117450		11496010748098750
E-mini Russell 2000 Index Futures (RTYH1) 123360129590 /
117130		11464010716098430
E-mini Russell 2000 Index Futures (RTYM1) 123040129270 /
116810		11432010684098110
E-mini Russell 2000 Value Index Futures (R2VM0) 134430141140 /
127720		125030116970107570
E-mini Russell 2000 Value Index Futures (R2VU0) 134690141400 /
127980		125290117230107830
E-mini Russell 2000 Value Index Futures (R2VZ0) 134940141650 /
128230		125540117480108080
E-mini Russell 2000 Value Index Futures (R2VH1) 135200141910 /
128490		125800117740108340
E-mini Russell 2000 Value Index Futures (R2VM1) 135450142160 /
128740		126050117990108590
E-mini S&P 600 SmallCap Futures (SMCM0) 7432078030 /
70610		691206466059460
E-mini S&P 600 SmallCap Futures (SMCU0) 7437078080 /
70660		691706471059510
E-mini S&P 600 SmallCap Futures (SMCZ0) 7442078130 /
70710		692206476059560
E-mini S&P 600 SmallCap Futures (SMCH1) 7447078180 /
70760		692706481059610
E-mini S&P 600 SmallCap Futures (SMCM1) 7451078220 /
70800		693106485059650
E-mini S&P MidCap 400 Futures (EMDM0) 158170166100 /
150240		147070137550126450
E-mini S&P MidCap 400 Futures (EMDU0) 158470166400 /
150540		147370137850126750
E-mini S&P MidCap 400 Futures (EMDZ0) 159440167370 /
151510		148340138820127720
E-mini S&P MidCap 400 Futures (EMDH1) 159750167680 /
151820		148650139130128030
E-mini S&P MidCap 400 Futures (EMDM1) 160060167990 /
152130		148960139440128340
E-mini Technology Select Sector Futures (XAKM0) 8582090110 /
81530		798207467068660
E-mini Technology Select Sector Futures (XAKU0) 8617090460 /
81880		801707502069010
E-mini Technology Select Sector Futures (XAKZ0) 8634090630 /
82050		803407519069180
E-mini Technology Select Sector Futures (XAKH1) 8651090800 /
82220		805107536069350
E-mini Technology Select Sector Futures (XAKM1) 8668090970 /
82390		806807553069520
E-mini Utilities Select Sector Futures (XAUM0) 6143064510 /
58350		571205342049100
E-mini Utilities Select Sector Futures (XAUU0) 6135064430 /
58270		570405334049020
E-mini Utilities Select Sector Futures (XAUZ0) 6115064230 /
58070		568405314048820
E-mini Utilities Select Sector Futures (XAUH1) 6095064030 /
57870		566405294048620
E-mini Utilities Select Sector Futures (XAUM1) 6075063830 /
57670		564405274048420
Micro E-mini Dow Jones Industrial Average Index Futures (MYMM0) 2359624781 /
22411		219362051318853
Micro E-mini Dow Jones Industrial Average Index Futures (MYMU0) 2351724702 /
22332		218572043418774
Micro E-mini Dow Jones Industrial Average Index Futures (MYMZ0) 2342224607 /
22237		217622033918679
Micro E-mini Dow Jones Industrial Average Index Futures (MYMH1) 2326024445 /
22075		216002017718517
Micro E-mini Nasdaq-100 Index Futures (MNQM0) 822200863375 /
781025		764550715100657450
Micro E-mini Nasdaq-100 Index Futures (MNQU0) 821625862800 /
780450		763975714525656875
Micro E-mini Nasdaq-100 Index Futures (MNQZ0) 820375861550 /
779200		762725713275655625
Micro E-mini Nasdaq-100 Index Futures (MNQH1) 817725858900 /
776550		760075710625652975
Micro E-mini Nasdaq-100 Index Futures (MNQM1) 816225857400 /
775050		758575709125651475
Micro E-mini Russell 2000 Index Futures (M2KM0) 124300130530 /
118070		11558010810099370
Micro E-mini Russell 2000 Index Futures (M2KU0) 124200130430 /
117970		11548010800099270
Micro E-mini Russell 2000 Index Futures (M2KZ0) 123680129910 /
117450		11496010748098750
Micro E-mini Russell 2000 Index Futures (M2KH1) 123360129590 /
117130		11464010716098430
Micro E-mini Russell 2000 Index Futures (M2KM1) 123040129270 /
116810		11432010684098110
Micro E-mini S&P 500 Index Futures (MESM0) 277900291800 /
264000		258400241650222150
Micro E-mini S&P 500 Index Futures (MESU0) 277150291050 /
263250		257650240900221400
Micro E-mini S&P 500 Index Futures (MESZ0) 276500290400 /
262600		257000240250220750
Micro E-mini S&P 500 Index Futures (MESH1) 275850289750 /
261950		256350239600220100
Micro E-mini S&P 500 Index Futures (MESM1) 275750289650 /
261850		256250239500220000
S&P 500 Futures (SPM0) 277900291800 /
264000		258400241650222150
S&P 500 Futures (SPU0) 277150291050 /
263250		257650240900221400
S&P 500 Futures (SPZ0) 276500290400 /
262600		257000240250220750
S&P 500 Futures (SPH1) 275850289750 /
261950		256350239600220100
S&P 500 Futures (SPM1) 275750289650 /
261850		256250239500220000
S&P 500 Futures (SPU1) 275700289600 /
261800		256200239450219950
S&P 500 Futures (SPZ1) 275150289050 /
261250		255650238900219400
S&P 500 Futures (SPH2) 274600288500 /
260700		255100238350218850
S&P 500 Futures (SPZ2) 272900286800 /
259000		253400236650217150
S&P 500 Futures (SPZ3) 270700284600 /
256800		251200234450214950
S&P 500 Futures (SPZ4) 268400282300 /
254500		248900232150212650
S&P 500 Growth Futures (SGM0) 177760186660 /
168860		165300154610142150
S&P 500 Growth Futures (SGU0) 177300186200 /
168400		164840154150141690
S&P 500 Value Futures (SUM0) 103470108670 /
98270		961908995082670
S&P 500 Value Futures (SUU0) 102710107910 /
97510		954308919081910
S&P MLP Total Return Index Futures (SLPM0) 220500231500 /
209500		205100191800176300
S&P MLP Total Return Index Futures (SLPU0) 220300231300 /
209300		204900191600176100
S&P MLP Total Return Index Futures (SLPZ0) 220100231100 /
209100		204700191400175900
S&P MLP Total Return Index Futures (SLPH1) 220000231000 /
209000		204600191300175800
S&P MLP Total Return Index Futures (SLPM1) 219800230800 /
208800		204400191100175600
As of Trade Date: 04/13/2020

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Equity Limits for Nikkei and Topix

ContractsReference Price8% Price Limit Up / Down12% Price Limit Up / Down16% Price Limit Up / Down
E-mini Nikkei 225 - Yen denominated Futures (ENYM0) 1929021160 / 1742022100 / 1648023040 / 15540
E-mini Nikkei 225 - Yen denominated Futures (ENYU0) 1923021100 / 1736022040 / 1642022980 / 15480
E-mini Nikkei 225 - Yen denominated Futures (ENYZ0) 1909020960 / 1722021900 / 1628022840 / 15340
E-mini Nikkei 225 - Yen denominated Futures (ENYH1) 1900020870 / 1713021810 / 1619022750 / 15250
Nikkei/USD Futures (NKM0) 1929021160 / 1742022100 / 1648023040 / 15540
Nikkei/USD Futures (NKU0) 1923021100 / 1736022040 / 1642022980 / 15480
Nikkei/USD Futures (NKZ0) 1909020960 / 1722021900 / 1628022840 / 15340
Nikkei/USD Futures (NKH1) 1900020870 / 1713021810 / 1619022750 / 15250
Nikkei/USD Futures (NKM1) 1890020770 / 1703021710 / 1609022650 / 15150
Nikkei/USD Futures (NKU1) 1881020680 / 1694021620 / 1600022560 / 15060
Nikkei/USD Futures (NKZ1) 1872020590 / 1685021530 / 1591022470 / 14970
Nikkei/USD Futures (NKH2) 1862020490 / 1675021430 / 1581022370 / 14870
Nikkei/USD Futures (NKM2) 1853020400 / 1666021340 / 1572022280 / 14780
Nikkei/USD Futures (NKU2) 1843020300 / 1656021240 / 1562022180 / 14680
Nikkei/USD Futures (NKZ2) 1834020210 / 1647021150 / 1553022090 / 14590
Nikkei/USD Futures (NKH3) 1825020120 / 1638021060 / 1544022000 / 14500
Nikkei/USD Futures (NKZ3) 1796019830 / 1609020770 / 1515021710 / 14210
Nikkei/USD Futures (NKZ4) 1758019450 / 1571020390 / 1477021330 / 13830
Nikkei/USD Futures (NKZ5) 1721019080 / 1534020020 / 1440020960 / 13460
Nikkei/Yen Futures (NIYJ0) 1934021210 / 1747022150 / 1653023090 / 15590
Nikkei/Yen Futures (NIYK0) 1931021180 / 1744022120 / 1650023060 / 15560
Nikkei/Yen Futures (NIYM0) 1929021160 / 1742022100 / 1648023040 / 15540
Nikkei/Yen Futures (NIYN0) 1925021120 / 1738022060 / 1644023000 / 15500
Nikkei/Yen Futures (NIYQ0) 1924021110 / 1737022050 / 1643022990 / 15490
Nikkei/Yen Futures (NIYU0) 1923021100 / 1736022040 / 1642022980 / 15480
Nikkei/Yen Futures (NIYZ0) 1909020960 / 1722021900 / 1628022840 / 15340
Nikkei/Yen Futures (NIYH1) 1900020870 / 1713021810 / 1619022750 / 15250
Nikkei/Yen Futures (NIYM1) 1890020770 / 1703021710 / 1609022650 / 15150
Nikkei/Yen Futures (NIYU1) 1881020680 / 1694021620 / 1600022560 / 15060
Nikkei/Yen Futures (NIYZ1) 1872020590 / 1685021530 / 1591022470 / 14970
Nikkei/Yen Futures (NIYH2) 1862020490 / 1675021430 / 1581022370 / 14870
Nikkei/Yen Futures (NIYM2) 1853020400 / 1666021340 / 1572022280 / 14780
Nikkei/Yen Futures (NIYU2) 1843020300 / 1656021240 / 1562022180 / 14680
Nikkei/Yen Futures (NIYZ2) 1834020210 / 1647021150 / 1553022090 / 14590
Nikkei/Yen Futures (NIYH3) 1825020120 / 1638021060 / 1544022000 / 14500
Nikkei/Yen Futures (NIYZ3) 1796019830 / 1609020770 / 1515021710 / 14210
Nikkei/Yen Futures (NIYZ4) 1758019450 / 1571020390 / 1477021330 / 13830
Nikkei/Yen Futures (NIYZ5) 1721019080 / 1534020020 / 1440020960 / 13460
Yen Denominated TOPIX Futures (TPYM0) 141550155150 / 127950161950 / 121150168750 / 114350
Yen Denominated TOPIX Futures (TPYU0) 139000152600 / 125400159400 / 118600166200 / 111800
Yen Denominated TOPIX Futures (TPYZ0) 137400151000 / 123800157800 / 117000164600 / 110200
Yen Denominated TOPIX Futures (TPYH1) 135800149400 / 122200156200 / 115400163000 / 108600
Yen Denominated TOPIX Futures (TPYM1) 134200147800 / 120600154600 / 113800161400 / 107000
As of Trade Date: 04/13/2020

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Equity Limits for FTSE and Ibovespa

ContractsReference Price5% Price Limit up and down
E-mini FTSE 100 Index (GBP) Futures (FT1M0) 578950608150 /
549750
E-mini FTSE 100 Index (GBP) Futures (FT1U0) 573700602900 /
544500
E-mini FTSE 100 Index (GBP) Futures (FT1Z0) 568400597600 /
539200
E-mini FTSE 100 Index (GBP) Futures (FT1H1) 563150592350 /
533950
E-mini FTSE 100 Index (GBP) Futures (FT1M1) 557900587100 /
528700
E-mini FTSE China 50 Index Futures (FT5M0) 1727518135 /
16415
E-mini FTSE China 50 Index Futures (FT5U0) 1733518195 /
16475
E-mini FTSE China 50 Index Futures (FT5Z0) 1739518255 /
16535
E-mini FTSE China 50 Index Futures (FT5H1) 1745018310 /
16590
E-mini FTSE China 50 Index Futures (FT5M1) 1751018370 /
16650
E-mini FTSE Developed Europe Index Futures (DVEM0) 2121522285 /
20145
E-mini FTSE Developed Europe Index Futures (DVEU0) 2096022030 /
19890
E-mini FTSE Developed Europe Index Futures (DVEZ0) 2071021780 /
19640
E-mini FTSE Developed Europe Index Futures (DVEH1) 2045521525 /
19385
E-mini FTSE Developed Europe Index Futures (DVEM1) 2020521275 /
19135
E-mini USD Denominated FTSE 100 Index Futures (FTUM0) 7877082710 /
74830
E-mini USD Denominated FTSE 100 Index Futures (FTUU0) 7898082920 /
75040
E-mini USD Denominated FTSE 100 Index Futures (FTUZ0) 7919083130 /
75250
E-mini USD Denominated FTSE 100 Index Futures (FTUH1) 7940083340 /
75460
E-mini USD Denominated FTSE 100 Index Futures (FTUM1) 7961083550 /
75670
USD-Denominated Ibovespa Index Futures (IBVJ0) 7870786575 /
70840
USD-Denominated Ibovespa Index Futures (IBVM0) 7896086855 /
71065
USD-Denominated Ibovespa Index Futures (IBVQ0) 7918487100 /
71270
USD-Denominated Ibovespa Index Futures (IBVV0) 7941487355 /
71475
As of Trade Date: 04/13/2020

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How do circuit breakers work in Treasury futures?

  • Limit bid/offer will trigger circuit breaker by lead month contract.
  • A two (2) minute timer (monitoring period) begins after triggering event, future and option groups remain open.
  • At the conclusion of the 2-minute timer:
    • Limit Bid or Offer is true, preopen futures 2 minutes/options 2 minutes 10 seconds and expand limits to next level
    • Limit Bid or Offer is false, expand limits to next level in open trading (no pause)

Circuit Breakers during Regular Trading Hours (RTH) – 7:00 to 16:00 Central

  2-Yr Note 5-Yr Note 10-Yr Note Ultra 10-Yr 30-Yr Bond Ultra-Bond Eurodollar
  TU FV TY TN US UB ED
Level 1 3 points 6 points 6 points 6 points 9 points 9 points 150 bps
Level 2 4 points 8 points 8 points 8 points 12 points 12 points 200 bps
Level 3 5 points 10 points 10 points 10 points 15 points 15 points 250 bps
Level 4 6 points 12 points 12 points 12 points 18 points 18 points 300 bps
Level 5 No limit No limit No limit No limit No limit No limit No limit

Circuit Breakers during Extending Trading Hours (ETH) – 17:00 to 7:00 Central

  2-Yr Note 5-Yr Note 10-Yr Note Ultra 10-Yr 30-Yr Bond Ultra-Bond Eurodollar
  TU FV TY TN US UB ED
Level 1 1 point 2 points 2 points 2 points 3 points 3 points 50 bps
Level 2 2 points 4 points 4 points 4 points 6 points 6 points 100 bps
Level 3 3 points 6 points 6 points 6 points 9 points 9 points 150 bps
Level 4 4 points 8 points 8 points 8 points 12 points 12 points 200 bps
Level 5 No limit No limit No limit No limit No limit No limit No limit

For more detail, see: https://www.cmegroup.com/rulebook/files/special-price-fluctuation-limits.xlsx

    Effective as of March 19, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of CL, QM, WS, BZ and all Associated Products. See SER 8566 for additional information.

    Effective as of March 13, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of PA, RB, HO and all Associated Products. See SER 8561 for additional information.

These products use Dynamic Circuit Breakers. Limits update using a variant derived from the prior day’s settlement. DCB FAQs can be found here.

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