Futures Price Limits and Price Banding
Futures price limits, price banding and Velocity Logic are three different controls. What each one stops, and how to tell a reject from a locked market.
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Futures price limits, price banding and Velocity Logic are three different controls. What each one stops, and how to tell a reject from a locked market.
A market order with protection on CME Globex sweeps only inside a protection band, then rests the remainder as a limit. Here is the mechanism, with data.
ES futures trading hours in CT and ET: the Sunday 5 p.m. open, the 4 p.m. maintenance break, and why the old 3:15 p.m. equity index halt no longer applies.
Micro E-mini vs E-mini futures compared: multiplier, tick value, notional and the commission math that decides where the micro premium actually lands.
The CME CVOL index measures 30-day implied volatility in futures options using simple variance and equal strike weights. Here is how it differs from VIX.
Futures tick size is the smallest price step; tick value is what one step pays. CME specs for ES, MES, NQ, MNQ, CL, MCL, GC, MGC, ZN and ZB, plus the P&L math.
Single stock futures explained: CME's 2026 contracts, how the price embeds financing minus dividends, the 15% margin floor, and why 60/40 tax does not apply.
A futures block trade is privately negotiated away from the order book. How CME Rule 526 minimums work, and why your chart never showed the trade.