• CLARIFICATION IN DAILY PRICE LIMITS FOR NYMEX COTTON FUTURES

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5601
      • Notice Date
      • 28 January 2011
      • Effective Date
      • 31 January 2011

    • Effective January 31, 2011, daily price limits will be implemented on cash-settled NYMEX Cotton futures consistent with the price limits currently imposed on the primary physically-delivered ICE-US Cotton futures contract (see SER-5588R issued January 21, 2011). Under certain market conditions, daily price limits can expand or contract in the primary market. In order to implement the intention that the NYMEX Cotton market and the primary market have consistent daily price limits, the following clarification in the NYMEX price limits rule will be implemented for trade date January 31, 2011.

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