Expanded Cotton LimitsAug 16, 2010 Cotton No. 2® Daily Price Limits Expand to 4 Cents – Effective August 16, 2010. Effective with the start of trading on Monday, August 16, 2010, the Daily Trading Limit for Cotton No. 2 futures contracts will be 4 cents per pound (400 points) above and below the prior day Settlement Price for the respective contract, for all contract months. The expansion to a 4 cent daily trading limit is consistent with Exchange Rule 10.09, which provides for such expansion on the business day following a day on which any of the two futures contract months with the highest open interest settle at a price of 84 cents per pound or higher. A copy of Rule 10.09 can be found at: https://www.theice.com/publicdocs/rulebooks/futures_us/10_Cotton.pdf. DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by Commodity & Derivative Adv. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Read Entire Disclaimer. |
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