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 Global Control Centre and adjusted
if necessary.
Effective from trade date 7th June 2010, price banding in the calendar spreads for the DME Oman Crude Oil Futures Contract and Inter Exchange Commodity Spreads were reduced from $ 0.75 to $0.25. In addition, protection points, which are used to define the protected range of Market and Stop orders, were reduced from $0.50 to $0.13.
Contracts
Effective from trade date 7th June 2010, price banding in the calendar spreads for the DME Oman Crude Oil Futures Contract and Inter Exchange Commodity Spreads were reduced from $ 0.75 to $0.25. In addition, protection points, which are used to define the protected range of Market and Stop orders, were reduced from $0.50 to $0.13.
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
Monday, June 7, 2010
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Price Banding |
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* All Fees are in US Dollars
