If nominal Interest Rates go negative, how will STIR futures price work?

...given the futures price convention is 100 less implied interest rates?

 

There was a new guy in the GE pit trading IFs above 100. We should ask him but I think he killed himself.

 

figuratively? or literally?

 

1) Something like "that".
2) The eurodollars and fed funds have listed strike prices above 100. :eek:

 

Look as Euroswiss - some contracts traded above 100.50 a few months ago...