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 Tuesday, May 26, 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 $0.10 $0.20
Cash Settled Cheese $0.075 $0.15
Chicago SRW Wheat & mini-sized Chicago SRW Wheat   $0.40 $0.80
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 $0.40 $0.80
Lean Hog $0.0375 $0.075
Live Cattle $0.03 $0.06
Lumber $19.00 $38.00
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 $0.95 $1.90
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-8590 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 $0.60
Corn $0.40
Dry Whey $0.12
Feeder Cattle $0.0675
KC HRW Wheat $0.60
Lean Hog $0.055
Live Cattle $0.045
Lumber $29.00
Non Fat Dry Milk $0.08
Oats $0.30
Rough Rice $1.50
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) 295100309850 /
280350		274450256700236000
E-mini S&P 500 ESG Index Futures (ESGM0) 2518026440 /
23920		234162190420140
E-mini S&P 500 Futures (ESU0) 294200308950 /
279450		273550255800235100
E-mini S&P 500 ESG Index Futures (ESGU0) 2522826488 /
23968		234642195220188
E-mini S&P 500 Futures (ESZ0) 293650308400 /
278900		273000255250234550
E-mini S&P 500 ESG Index Futures (ESGZ0) 2524426504 /
23984		234802196820204
E-mini S&P 500 Futures (ESH1) 292950307700 /
278200		272300254550233850
E-mini S&P 500 ESG Index Futures (ESGH1) 2525826518 /
23998		234942198220218
E-mini S&P 500 Futures (ESM1) 292100306850 /
277350		271450253700233000
E-mini S&P 500 ESG Index Futures (ESGM1) 2527426534 /
24014		235102199820234
E-mini Nasdaq-100 Futures (NQM0) 941000988050 /
893950		875125818625752725
E-mini Nasdaq-100 Futures (NQU0) 939525986575 /
892475		873650817150751250
E-mini Nasdaq-100 Futures (NQZ0) 940050987100 /
893000		874175817675751775
E-mini Nasdaq-100 Futures (NQH1) 939350986400 /
892300		873475816975751075
E-mini Nasdaq-100 Futures (NQM1) 938650985700 /
891600		872775816275750375
E-mini Dow ($5) Futures (YMM0) 2442325646 /
23200		227112124319530
E-mini Dow ($5) Futures (YMU0) 2431425537 /
23091		226022113419421
E-mini Dow ($5) Futures (YMZ0) 2422825451 /
23005		225162104819335
E-mini Dow ($5) Futures (YMH1) 2411825341 /
22895		224062093819225
Dow Jones Real Estate Futures (JRM0) 28943039 /
2749		269125172314
Dow Jones Real Estate Futures (JRU0) 28823027 /
2737		267925052302
Dow Jones Real Estate Futures (JRZ0) 28673012 /
2722		266424902287
Dow Jones Real Estate Futures (JRH1) 28532998 /
2708		265024762273
E-mini Communication Services Select Sector Futures (XAZM0) 2809029495 /
26685		261252444022470
E-mini Communication Services Select Sector Futures (XAZU0) 2822529630 /
26820		262602457522605
E-mini Communication Services Select Sector Futures (XAZZ0) 2832029725 /
26915		263552467022700
E-mini Communication Services Select Sector Futures (XAZH1) 2841529820 /
27010		264502476522795
E-mini Communication Services Select Sector Futures (XAZM1) 2851029915 /
27105		265452486022890
E-mini Consumer Discretionary Select Sector Futures (XAYM0) 122270128390 /
116150		11370010636097790
E-mini Consumer Discretionary Select Sector Futures (XAYU0) 122700128820 /
116580		11413010679098220
E-mini Consumer Discretionary Select Sector Futures (XAYZ0) 122880129000 /
116760		11431010697098400
E-mini Consumer Discretionary Select Sector Futures (XAYH1) 123060129180 /
116940		11449010715098580
E-mini Consumer Discretionary Select Sector Futures (XAYM1) 123230129350 /
117110		11466010732098750
E-mini Consumer Staples Select Sector Futures (XAPM0) 5749060370 /
54610		534604999045950
E-mini Consumer Staples Select Sector Futures (XAPU0) 5762060500 /
54740		535905012046080
E-mini Consumer Staples Select Sector Futures (XAPZ0) 5753060410 /
54650		535005003045990
E-mini Consumer Staples Select Sector Futures (XAPH1) 5744060320 /
54560		534104994045900
E-mini Consumer Staples Select Sector Futures (XAPM1) 5735060230 /
54470		533204985045810
E-mini Energy Select Sector Futures (XAEM0) 3980041790 /
37810		370203463031840
E-mini Energy Select Sector Futures (XAEU0) 3982041810 /
37830		370403465031860
E-mini Energy Select Sector Futures (XAEZ0) 3979041780 /
37800		370103462031830
E-mini Energy Select Sector Futures (XAEH1) 3976041750 /
37770		369803459031800
E-mini Energy Select Sector Futures (XAEM1) 3973041720 /
37740		369503456031770
E-mini Financial Select Sector Futures (XAFM0) 2687028210 /
25530		249902337021480
E-mini Financial Select Sector Futures (XAFU0) 2702028360 /
25680		251402352021630
E-mini Financial Select Sector Futures (XAFZ0) 2708028420 /
25740		252002358021690
E-mini Financial Select Sector Futures (XAFH1) 2714028480 /
25800		252602364021750
E-mini Financial Select Sector Futures (XAFM1) 2720028540 /
25860		253202370021810
E-mini FTSE Emerging Index Futures (EIM0) 4535047620 /
43080		421803945036270
E-mini FTSE Emerging Index Futures (EIU0) 4518047450 /
42910		420103928036100
E-mini FTSE Emerging Index Futures (EIZ0) 4488047150 /
42610		417103898035800
E-mini FTSE Emerging Index Futures (EIH1) 4457046840 /
42300		414003867035490
E-mini FTSE Emerging Index Futures (EIM1) 4426046530 /
41990		410903836035180
E-mini Health Care Select Sector Futures (XAVM0) 100400105420 /
95380		933708735080310
E-mini Health Care Select Sector Futures (XAVU0) 100470105490 /
95450		934408742080380
E-mini Health Care Select Sector Futures (XAVZ0) 100450105470 /
95430		934208740080360
E-mini Health Care Select Sector Futures (XAVH1) 100440105460 /
95420		934108739080350
E-mini Health Care Select Sector Futures (XAVM1) 100430105450 /
95410		934008738080340
E-mini Industrial Select Sector Futures (XAIM0) 6399067190 /
60790		595105566051180
E-mini Industrial Select Sector Futures (XAIU0) 6424067440 /
61040		597605591051430
E-mini Industrial Select Sector Futures (XAIZ0) 6435067550 /
61150		598705602051540
E-mini Industrial Select Sector Futures (XAIH1) 6446067660 /
61260		599805613051650
E-mini Industrial Select Sector Futures (XAIM1) 6458067780 /
61380		601005625051770
E-mini IPOX 100 U.S. Index Futures (IPOM0) 349400366800 /
332000		325000304000279600
E-mini IPOX 100 U.S. Index Futures (IPOU0) 349300366700 /
331900		324900303900279500
E-mini IPOX 100 U.S. Index Futures (IPOZ0) 349200366600 /
331800		324800303800279400
E-mini IPOX 100 U.S. Index Futures (IPOH1) 349100366500 /
331700		324700303700279300
E-mini IPOX 100 U.S. Index Futures (IPOM1) 349000366400 /
331600		324600303600279200
E-mini Materials Select Sector Futures (XABM0) 5580058590 /
53010		518904853044610
E-mini Materials Select Sector Futures (XABU0) 5603058820 /
53240		521204876044840
E-mini Materials Select Sector Futures (XABZ0) 5606058850 /
53270		521504879044870
E-mini Materials Select Sector Futures (XABH1) 5608058870 /
53290		521704881044890
E-mini Materials Select Sector Futures (XABM1) 5610058890 /
53310		521904883044910
E-mini Nasdaq-100 Biotechnology Index Futures (BIOM0) 418670439620 /
397720		389340364200334870
E-mini Nasdaq-100 Biotechnology Index Futures (BIOU0) 422480443430 /
401530		393150368010338680
E-mini Nasdaq-100 Biotechnology Index Futures (BIOZ0) 425050446000 /
404100		395720370580341250
E-mini Nasdaq-100 Biotechnology Index Futures (BIOH1) 427620448570 /
406670		398290373150343820
E-mini Nasdaq-100 Biotechnology Index Futures (BIOM1) 430190451140 /
409240		400860375720346390
E-mini Nasdaq Composite Futures (QCNM0) 932250978850 /
885650		867000811050745800
E-mini Nasdaq Composite Futures (QCNU0) 930900977500 /
884300		865650809700744450
E-mini Real Estate Select Sector Futures (XARM0) 1577016560 /
14980		146651371512605
E-mini Real Estate Select Sector Futures (XARU0) 1573516525 /
14945		146301368012570
E-mini Real Estate Select Sector Futures (XARZ0) 1566516455 /
14875		145601361012500
E-mini Real Estate Select Sector Futures (XARH1) 1559516385 /
14805		144901354012430
E-mini Real Estate Select Sector Futures (XARM1) 1552016310 /
14730		144151346512355
E-mini Russell 1000 Growth Index Futures (RSGM0) 181430190500 /
172360		168730157840145130
E-mini Russell 1000 Growth Index Futures (RSGU0) 180920189990 /
171850		168220157330144620
E-mini Russell 1000 Growth Index Futures (RSGZ0) 180430189500 /
171360		167730156840144130
E-mini Russell 1000 Growth Index Futures (RSGH1) 179930189000 /
170860		167230156340143630
E-mini Russell 1000 Growth Index Futures (RSGM1) 179430188500 /
170360		166730155840143130
E-mini Russell 1000 Index Futures (RS1M0) 163020171180 /
154860		151600141800130380
E-mini Russell 1000 Index Futures (RS1U0) 162530170690 /
154370		151110141310129890
E-mini Russell 1000 Index Futures (RS1Z0) 161940170100 /
153780		150520140720129300
E-mini Russell 1000 Index Futures (RS1H1) 161350169510 /
153190		149930140130128710
E-mini Russell 1000 Index Futures (RS1M1) 160760168920 /
152600		149340139540128120
E-mini Russell 1000 Value Index Futures (RSVM0) 107330112700 /
101960		998109335085830
E-mini Russell 1000 Value Index Futures (RSVU0) 106950112320 /
101580		994309297085450
E-mini Russell 1000 Value Index Futures (RSVZ0) 106470111840 /
101100		989509249084970
E-mini Russell 1000 Value Index Futures (RSVH1) 105980111350 /
100610		984609200084480
E-mini Russell 1000 Value Index Futures (RSVM1) 105500110870 /
100130		979809152084000
E-mini Russell 2000 Growth Index Futures (R2GM0) 99530104500 /
94560		925808661079650
E-mini Russell 2000 Growth Index Futures (R2GU0) 99820104790 /
94850		928708690079940
E-mini Russell 2000 Growth Index Futures (R2GZ0) 100110105080 /
95140		931608719080230
E-mini Russell 2000 Growth Index Futures (R2GH1) 100400105370 /
95430		934508748080520
E-mini Russell 2000 Growth Index Futures (R2GM1) 100690105660 /
95720		937408777080810
E-mini Russell 2000 Index Futures (RTYM0) 135360142130 /
128590		125880117740108250
E-mini Russell 2000 Index Futures (RTYU0) 135090141860 /
128320		125610117470107980
E-mini Russell 2000 Index Futures (RTYZ0) 134830141600 /
128060		125350117210107720
E-mini Russell 2000 Index Futures (RTYH1) 134510141280 /
127740		125030116890107400
E-mini Russell 2000 Index Futures (RTYM1) 134190140960 /
127420		124710116570107080
E-mini Russell 2000 Value Index Futures (R2VM0) 136180142980 /
129380		126660118490108970
E-mini Russell 2000 Value Index Futures (R2VU0) 136440143240 /
129640		126920118750109230
E-mini Russell 2000 Value Index Futures (R2VZ0) 136700143500 /
129900		127180119010109490
E-mini Russell 2000 Value Index Futures (R2VH1) 136960143760 /
130160		127440119270109750
E-mini Russell 2000 Value Index Futures (R2VM1) 137220144020 /
130420		127700119530110010
E-mini S&P 600 SmallCap Futures (SMCM0) 7756081430 /
73690		721406749062060
E-mini S&P 600 SmallCap Futures (SMCU0) 7761081480 /
73740		721906754062110
E-mini S&P 600 SmallCap Futures (SMCZ0) 7766081530 /
73790		722406759062160
E-mini S&P 600 SmallCap Futures (SMCH1) 7771081580 /
73840		722906764062210
E-mini S&P 600 SmallCap Futures (SMCM1) 7776081630 /
73890		723406769062260
E-mini S&P MidCap 400 Futures (EMDM0) 169300177770 /
160830		157440147270135400
E-mini S&P MidCap 400 Futures (EMDU0) 169040177510 /
160570		157180147010135140
E-mini S&P MidCap 400 Futures (EMDZ0) 170360178830 /
161890		158500148330136460
E-mini S&P MidCap 400 Futures (EMDH1) 170690179160 /
162220		158830148660136790
E-mini S&P MidCap 400 Futures (EMDM1) 171020179490 /
162550		159160148990137120
E-mini Technology Select Sector Futures (XAKM0) 96990101840 /
92140		902008438077590
E-mini Technology Select Sector Futures (XAKU0) 97330102180 /
92480		905408472077930
E-mini Technology Select Sector Futures (XAKZ0) 97520102370 /
92670		907308491078120
E-mini Technology Select Sector Futures (XAKH1) 97710102560 /
92860		909208510078310
E-mini Technology Select Sector Futures (XAKM1) 97910102760 /
93060		911208530078510
E-mini Utilities Select Sector Futures (XAUM0) 5678059620 /
53940		528004938045390
E-mini Utilities Select Sector Futures (XAUU0) 5673059570 /
53890		527504933045340
E-mini Utilities Select Sector Futures (XAUZ0) 5654059380 /
53700		525604914045150
E-mini Utilities Select Sector Futures (XAUH1) 5636059200 /
53520		523804896044970
E-mini Utilities Select Sector Futures (XAUM1) 5617059010 /
53330		521904877044780
Micro E-mini Dow Jones Industrial Average Index Futures (MYMM0) 2442325646 /
23200		227112124319530
Micro E-mini Dow Jones Industrial Average Index Futures (MYMU0) 2431425537 /
23091		226022113419421
Micro E-mini Dow Jones Industrial Average Index Futures (MYMZ0) 2422825451 /
23005		225162104819335
Micro E-mini Dow Jones Industrial Average Index Futures (MYMH1) 2411825341 /
22895		224062093819225
Micro E-mini Nasdaq-100 Index Futures (MNQM0) 941000988050 /
893950		875125818625752725
Micro E-mini Nasdaq-100 Index Futures (MNQU0) 939525986575 /
892475		873650817150751250
Micro E-mini Nasdaq-100 Index Futures (MNQZ0) 940050987100 /
893000		874175817675751775
Micro E-mini Nasdaq-100 Index Futures (MNQH1) 939350986400 /
892300		873475816975751075
Micro E-mini Nasdaq-100 Index Futures (MNQM1) 938650985700 /
891600		872775816275750375
Micro E-mini Russell 2000 Index Futures (M2KM0) 135360142130 /
128590		125880117740108250
Micro E-mini Russell 2000 Index Futures (M2KU0) 135090141860 /
128320		125610117470107980
Micro E-mini Russell 2000 Index Futures (M2KZ0) 134830141600 /
128060		125350117210107720
Micro E-mini Russell 2000 Index Futures (M2KH1) 134510141280 /
127740		125030116890107400
Micro E-mini Russell 2000 Index Futures (M2KM1) 134190140960 /
127420		124710116570107080
Micro E-mini S&P 500 Index Futures (MESM0) 295100309850 /
280350		274450256700236000
Micro E-mini S&P 500 Index Futures (MESU0) 294200308950 /
279450		273550255800235100
Micro E-mini S&P 500 Index Futures (MESZ0) 293650308400 /
278900		273000255250234550
Micro E-mini S&P 500 Index Futures (MESH1) 292950307700 /
278200		272300254550233850
Micro E-mini S&P 500 Index Futures (MESM1) 292100306850 /
277350		271450253700233000
S&P 500 Futures (SPM0) 295100309850 /
280350		274450256700236000
S&P 500 Futures (SPU0) 294200308950 /
279450		273550255800235100
S&P 500 Futures (SPZ0) 293650308400 /
278900		273000255250234550
S&P 500 Futures (SPH1) 292950307700 /
278200		272300254550233850
S&P 500 Futures (SPM1) 292100306850 /
277350		271450253700233000
S&P 500 Futures (SPU1) 291300306050 /
276550		270650252900232200
S&P 500 Futures (SPZ1) 290500305250 /
275750		269850252100231400
S&P 500 Futures (SPH2) 289700304450 /
274950		269050251300230600
S&P 500 Futures (SPZ2) 287250302000 /
272500		266600248850228150
S&P 500 Futures (SPZ3) 284000298750 /
269250		263350245600224900
S&P 500 Futures (SPZ4) 280700295450 /
265950		260050242300221600
S&P 500 Growth Futures (SGM0) 197320207190 /
187450		183510171660157840
S&P 500 Growth Futures (SGU0) 196810206680 /
186940		183000171150157330
S&P 500 Value Futures (SUM0) 103510108690 /
98330		962609003082770
S&P 500 Value Futures (SUU0) 102750107930 /
97570		955008927082010
S&P MLP Total Return Index Futures (SLPM0) 302900318000 /
287800		281700263500242300
S&P MLP Total Return Index Futures (SLPU0) 302600317700 /
287500		281400263200242000
S&P MLP Total Return Index Futures (SLPZ0) 302400317500 /
287300		281200263000241800
S&P MLP Total Return Index Futures (SLPH1) 302200317300 /
287100		281000262800241600
S&P MLP Total Return Index Futures (SLPM1) 301900317000 /
286800		280700262500241300
As of Trade Date: 05/26/2020

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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) 2072022060 / 1938022730 / 1871023400 / 18040
E-mini Nikkei 225 - Yen denominated Futures (ENYU0) 2065021990 / 1931022660 / 1864023330 / 17970
E-mini Nikkei 225 - Yen denominated Futures (ENYZ0) 2050021840 / 1916022510 / 1849023180 / 17820
E-mini Nikkei 225 - Yen denominated Futures (ENYH1) 2040021740 / 1906022410 / 1839023080 / 17720
Nikkei/USD Futures (NKM0) 2072022060 / 1938022730 / 1871023400 / 18040
Nikkei/USD Futures (NKU0) 2065021990 / 1931022660 / 1864023330 / 17970
Nikkei/USD Futures (NKZ0) 2050021840 / 1916022510 / 1849023180 / 17820
Nikkei/USD Futures (NKH1) 2040021740 / 1906022410 / 1839023080 / 17720
Nikkei/USD Futures (NKM1) 2030021640 / 1896022310 / 1829022980 / 17620
Nikkei/USD Futures (NKU1) 2021021550 / 1887022220 / 1820022890 / 17530
Nikkei/USD Futures (NKZ1) 2011021450 / 1877022120 / 1810022790 / 17430
Nikkei/USD Futures (NKH2) 2001021350 / 1867022020 / 1800022690 / 17330
Nikkei/USD Futures (NKM2) 1991021250 / 1857021920 / 1790022590 / 17230
Nikkei/USD Futures (NKU2) 1981021150 / 1847021820 / 1780022490 / 17130
Nikkei/USD Futures (NKZ2) 1971021050 / 1837021720 / 1770022390 / 17030
Nikkei/USD Futures (NKH3) 1961020950 / 1827021620 / 1760022290 / 16930
Nikkei/USD Futures (NKZ3) 1932020660 / 1798021330 / 1731022000 / 16640
Nikkei/USD Futures (NKZ4) 1891020250 / 1757020920 / 1690021590 / 16230
Nikkei/USD Futures (NKZ5) 1852019860 / 1718020530 / 1651021200 / 15840
Nikkei/Yen Futures (NIYM0) 2072022060 / 1938022730 / 1871023400 / 18040
Nikkei/Yen Futures (NIYN0) 2067022010 / 1933022680 / 1866023350 / 17990
Nikkei/Yen Futures (NIYQ0) 2063021970 / 1929022640 / 1862023310 / 17950
Nikkei/Yen Futures (NIYU0) 2065021990 / 1931022660 / 1864023330 / 17970
Nikkei/Yen Futures (NIYV0) 2057021910 / 1923022580 / 1856023250 / 17890
Nikkei/Yen Futures (NIYZ0) 2050021840 / 1916022510 / 1849023180 / 17820
Nikkei/Yen Futures (NIYH1) 2040021740 / 1906022410 / 1839023080 / 17720
Nikkei/Yen Futures (NIYM1) 2030021640 / 1896022310 / 1829022980 / 17620
Nikkei/Yen Futures (NIYU1) 2021021550 / 1887022220 / 1820022890 / 17530
Nikkei/Yen Futures (NIYZ1) 2011021450 / 1877022120 / 1810022790 / 17430
Nikkei/Yen Futures (NIYH2) 2001021350 / 1867022020 / 1800022690 / 17330
Nikkei/Yen Futures (NIYM2) 1991021250 / 1857021920 / 1790022590 / 17230
Nikkei/Yen Futures (NIYU2) 1981021150 / 1847021820 / 1780022490 / 17130
Nikkei/Yen Futures (NIYZ2) 1971021050 / 1837021720 / 1770022390 / 17030
Nikkei/Yen Futures (NIYH3) 1961020950 / 1827021620 / 1760022290 / 16930
Nikkei/Yen Futures (NIYZ3) 1932020660 / 1798021330 / 1731022000 / 16640
Nikkei/Yen Futures (NIYZ4) 1891020250 / 1757020920 / 1690021590 / 16230
Nikkei/Yen Futures (NIYZ5) 1852019860 / 1718020530 / 1651021200 / 15840
Yen Denominated TOPIX Futures (TPYM0) 150100159700 / 140500164500 / 135700169300 / 130900
Yen Denominated TOPIX Futures (TPYU0) 148100157700 / 138500162500 / 133700167300 / 128900
Yen Denominated TOPIX Futures (TPYZ0) 146450156050 / 136850160850 / 132050165650 / 127250
Yen Denominated TOPIX Futures (TPYH1) 144750154350 / 135150159150 / 130350163950 / 125550
Yen Denominated TOPIX Futures (TPYM1) 143100152700 / 133500157500 / 128700162300 / 123900
As of Trade Date: 05/26/2020

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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) 598200628150 /
568250
E-mini FTSE 100 Index (GBP) Futures (FT1U0) 592800622750 /
562850
E-mini FTSE 100 Index (GBP) Futures (FT1Z0) 587400617350 /
557450
E-mini FTSE 100 Index (GBP) Futures (FT1H1) 582000611950 /
552050
E-mini FTSE 100 Index (GBP) Futures (FT1M1) 576600606550 /
546650
E-mini FTSE China 50 Index Futures (FT5M0) 1696017805 /
16115
E-mini FTSE China 50 Index Futures (FT5U0) 1702017865 /
16175
E-mini FTSE China 50 Index Futures (FT5Z0) 1707517920 /
16230
E-mini FTSE China 50 Index Futures (FT5H1) 1713517980 /
16290
E-mini FTSE China 50 Index Futures (FT5M1) 1719018035 /
16345
E-mini FTSE Developed Europe Index Futures (DVEM0) 2216023270 /
21050
E-mini FTSE Developed Europe Index Futures (DVEU0) 2190523015 /
20795
E-mini FTSE Developed Europe Index Futures (DVEZ0) 2164522755 /
20535
E-mini FTSE Developed Europe Index Futures (DVEH1) 2138522495 /
20275
E-mini FTSE Developed Europe Index Futures (DVEM1) 2112522235 /
20015
E-mini USD Denominated FTSE 100 Index Futures (FTUM0) 7917083120 /
75220
E-mini USD Denominated FTSE 100 Index Futures (FTUU0) 7938083330 /
75430
E-mini USD Denominated FTSE 100 Index Futures (FTUZ0) 7959083540 /
75640
E-mini USD Denominated FTSE 100 Index Futures (FTUH1) 7980083750 /
75850
E-mini USD Denominated FTSE 100 Index Futures (FTUM1) 8001083960 /
76060
USD-Denominated Ibovespa Index Futures (IBVM0) 8243690675 /
74195
USD-Denominated Ibovespa Index Futures (IBVQ0) 8256690820 /
74310
USD-Denominated Ibovespa Index Futures (IBVV0) 8270790975 /
74440
USD-Denominated Ibovespa Index Futures (IBVZ0) 8286891150 /
74585
As of Trade Date: 05/26/2020

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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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