CME receive CFTC approval for new price limits
CME Group has received Commodity Futures Trading Commission
(CFTC) approval for new daily price limits to begin March 28,
for its corn, mini-sized corn, soybeans, mini-sized soybeans
and soybean oil futures and options on futures contracts.
The CFTC's accelerated review and approval is an
impressive show of responsiveness to the markets' needs," said
Robert Ray, CME Group managing director, commodities, equities
and international sales. Price levels and volatility for
these grains and oilseeds have increased significantly in
recent years. Expanding price limits will allow market
participants to continue to utilise the contracts for price
discovery and risk mitigation at levels more aligned with
today's market environment.
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