Thursday, October 11, 2012
Futures Trader Alert #2012 - 8
NFX to Implement New Risk Controls, Effective Wednesday, October 17, 2012
What you need to know:
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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About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.