Pete
Oct 12, 20201 min
As detailed by AMP Futures
Effective October 12, 2020: CME Overnight limits will expand from +/- 5% price limit to +/- 7% limit plus 3.5% dynamic circuit breaker.
which means…
Now 7% (up or down) hard limit < was 5% >
Plus a new added 3.5% dynamic circuit breaker
What are Dynamic Circuit Breakers?
Dynamic Circuit Breakers monitor for significant price movements during a trading session. DCBs define an upper and lower limit of how far an instrument is allowed to move in a configured time interval.
What happens if a Dynamic Circuit Breaker is triggered?
If triggered in the primary contract market (lead month), all associated contract markets immediately transition into a two minute pre-open state. There is no monitoring period. The GCC designates the lead month for the primary contract. If triggered in a non-primary month, only the triggering contract will reserve.
Click here to View the Current Price Limits >>