Price banding is a mechanism to ensure a fair and
orderly market. This mechanism subjects all incoming
orders to price verification and rejects all orders with
clearly erroneous prices. Price bands are monitored
throughout the day by the CME Globex Control Centre
("GCC") and adjusted
if necessary.
Price banding in the calendar spreads for the DME Oman Crude Oil Futures Contract and Inter Exchange Commodity Spreads are $0.75. In addition, protection points, which are used to define the protected range of Market and Stop orders, are at $0.50.
Contracts
Price banding in the calendar spreads for the DME Oman Crude Oil Futures Contract and Inter Exchange Commodity Spreads are $0.75. In addition, protection points, which are used to define the protected range of Market and Stop orders, are at $0.50.
Contracts
- OQD refers to DME Oman Crude Oil Futures Contract
- ZGD refers to DME Oman Crude Oil Financial Contract
- BZ refers to Brent Crude Oil Futures Contract
- CL refers to Light Crude Oil Futures Contract
Effective Date
Tuesday, April 19, 2011
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Price Banding |
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* All Fees are in US Dollars
Price banding and protection points are provided daily by the CME Group, however the DME cannot guarantee the accuracy of such prices at any time. Kindly refer to the CME website figures at the following address for the latest Price Banding and Protection Points:
