The reverse case of Limit Down. Using the same example as above, the market on T-Note futures would not be allowed to trade above 113. More information on Limit Down - click here
Arbitrary price level above which trading on a Futures and Option Exchange ceases during that trading day. Imposed to prevent very sharp price increases in futures prices and are adjusted from time to time at the discretion of the Exchange.
The maximum price advance from the previous trading day's settlement price permitted in one trading session.
The maximum amount by which the price of a commodity futures contract may advance in one trading day. ;