CME Expands Range of Circuit Breakers on Forex Ahead of Brexit: Reuters

[kreslik.news]

The Chicago Mercantile Exchange (CME) has reportedly doubled the special price fluctuation limits for all currency pairs and options, according to coverage by Reuters citing a notice yesterday sent to electronic traders from the CME, as it prepares for potential Brexit volatility today.

Abrupt changes in market prices can trigger circuit breakers such as when futures reach limit-up or limit-down, in an effort to deter price overreaction.

Finance Magnates has reported on a growing list of brokerages that have made changes to trading conditions tied to potential market volatility expected from the Brexit vote, as can be seen in ... ([url=http://www.financemagnates.com/institutional-forex/exchanges/cme-expands-range-circuit-breakers-forex-ahead-brexit-reuters/]read more)