variable limit

According to the Chicago Board of Trade rules, an expanded allowable price range set during volatile markets. Chicago Board of Trade glossary
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Most exchanges set limits on the maximum daily price movement of some of the futures contracts traded on their floors. They also retain the right to expand these limits if the price moves up- or down-limit for one, two, or three trading days in a row. If the limits automatically change after repeated limit moves, they are known as variable limits. The CENTER ONLINE Futures Glossary

Financial and business terms. 2012.

Look at other dictionaries:

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