On Monday February 3, 2014, changes will be implemented regarding Order Price Limits. The rule for selecting a reference price in equity index futures order books will be changed to be the same as for equity options forwards and futures and equity index options.
The Order Price Limits functionality is a Pre-Trade Price deviation check against a reference price meaning that the price instructions on an incoming order is compared against a reference price and if an order deviate more than an order book configured parameter, the order will be rejected before it can execute. The functionality is set market wide for all participants and the limits are set by the exchange.
For detailed information please see the attached Market Model that will be valid from Monday February 3, 2014.
For further information concerning this exchange notice please contact Trading Operations,
telephone +46 8 405 73 60, or tradingoperations@nasdaqomx.com
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