Price limits and circuit breakers

• What are price limits and circuit breakers? - see the CME page here.

• Watch the % Net Change for the contract you are participating in via your trading platform quote board.

• The CME publishes the prices at which circuit breakers will kick in, you can find these here.

• At TradeDay, Funded Traders are not permitted to trade within 2% of a price limit. Traders in breach of this policy will lose their funded account

Price limits represent the maximum price range permitted for a futures contract in each trading session. Price limits vary from product to product, as does what happens when a price limit is hit. Some markets may temporarily halt until price limits can be expanded or trading may be stopped for the day.

Daytime trading in US equity market futures is coordinated with stock market circuit breakers when the price trades at  7%, 13%, and 20% from the settlement price. The 7% and 13% circuit breakers are each followed by 15-minute trading halts; if the 20% level is reached, the market closes for the trading day. 

It is the trader's responsibility to know when the circuit breakers are for the product they are trading.

To get a full understanding of how price Limits and Circuit breakers work, please visit this page here.

The easiest way to know how far the market is away from hitting a price limit is to watch the % Net Change for the contract you are participating in via your trading platform quote board.

The CME also publishes the prices at which circuit breakers will kick in, you can find these here.

At TradeDay, Funded Traders are not permitted to trade within 2% of a price limit. Traders in breach of this policy will lose their funded account.