CME Price Limits, Q4-08

Discussion in 'Index Futures' started by osorico, Sep 30, 2008.

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  2. Thanks for posting this, I was curious regarding the details of this. [Especially after that awesome day we were limit bid at 1268 on expiration...]

    So do I understand correctly, that the daily limits are not based on % of prior day settlement, but are rather based on hard point numbers computed once per quarter ?

    IE, that chart says that the ES limits are 60 handles/120 handles/240 handles/360 handles for every trading day in 4Q 2008 ?

    No matter what the price ES settles at each day, the 5% limit will be +/- 60 handles in 4Q08?

    Thanks
    -T