This change, which will be effective on the open of business, Monday, May 14, 2001, is being made to remain consistent with price limits in other U.S. stock index futures contracts.
Following the removal of the 2.5% price limit, the initial "speed bump" price limit will be 5 percent below the previous day's close. The other price limits of 10%, 15% and 20% below the previous day's close remain in effect.
To calculate the limits, the previous day's settlement is multiplied by the applicable price limit and then rounded to the nearest integral multiple of one index point.
Value Line' is a registered mark of Value Line, Inc., a New York corporation that provides financial services and publications. Since 1982, the Kansas City Board of Trade has been licensed to use the Value Line' mark in connection with its efforts to establish futures markets tied to the Value Line' index. The Kansas City Board of Trade and Value Line, Inc. are not affiliated corporate entities.
