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Product LoginThursday, October 11, 2012
Futures Trader Alert #2012 - 8
NFX to Implement New Risk Controls, Effective Wednesday, October 17, 2012
Markets Impacted:Contact Information:
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What you need to know:
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What is NFX introducing?
Effective Wednesday, October 17, 2012, NASDAQ OMX Futures ExchangeSM (NFXSM) is implementing a series of new risk controls, pursuant to CFTC Rule Filing SR-NFX-2012-31.
What do the risk controls include?
The risk controls include the following:
- The exchange will reject orders to buy with a limit price more than 10% above the current exchange best offer of the relevant product;
- The exchange will reject orders to sell with a limit price more than 10% below the current exchange best bid of the relevant product;
- The exchange will reject orders that are greater than 1,000 contracts.
Where can I find more information?
- Contact NASDAQ OMX Options and Futures Market Operations at +1 215 496 1571 for NFX customer support.
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