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james_gsx

Were the limits just hit?

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Overnight limit is 5% - RTH first limit is 10%

 

The % is calculated at the start of each quarter, hence a hard point limit of 70 points (overnight mkt)

which is slightly more than 5% at current prices ...

 

The limits during RTH, in case we need them today :-) are

140 points (the 10% limit)

280 points (20%)

420 points (30%)

Edited by mister ed

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OK - back higher - there was actually a lot of volume went through at that limit price. It is overnight so volumes are not huge but this was relatively large - looks to be about 16,000 contracts (give or take) went through at the limit.

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I've never seen that before. I remember watching the ES and ER2 in july 2004 or 2005 when the London metro was attacked and the overnight didn't stop trading. Not sure about this one.

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Put that in your trading scrapbook James b/c not sure how often you will see that. ;)

 

Gotta love the free market that will stop a down move. Not sure we'll see an up move ever stopped.... wonder why...

 

That's why shorting can get a bad rap in the regular media - they see this happen and then there's stories of shorts getting stuck and plowed over by the longs. It's just part of the game and something you rarely see.

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Those links to the CME info on index futures limits are pretty useful, quite good information in there and, unusually from the CME, easily understandable.

 

The overnight limits are 5% down OR UP. This is compared to the limits that apply during RTH, these are only applicable on the downside - no upside limits during RTH.

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