Regolamentazione dei mercati · 02/05/19952 min di lettura
New York Cotton Exchange: Proposed Amendments Relating to the Maximum Daily Price Fluctuation and the Minimum Price Fluctuation Limits for the Cotton No. 2 Futures Contract
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Riepilogo
The New York Cotton Exchange (``NYCE'') has submitted proposed amendments to its cotton No. 2 futures contract that will: (1) Increase to three from two cents per pound the contract's base maximum daily price fluctuation limit (base maximum limit) for all contract months listed for trading whenever the settlement price for any one contract month equals or exceeds 95 cents per pound; (2) provide that the proposed three-cent-per-pound maximum limit may be increased to [[Page 21504]] four and one-half cents per pound under specified conditions; and (3) increase to 5/100ths from 1/100th of one cent per pound the minimum price fluctuation limit for a contract month whenever prices for that contract month equal or exceed 95 cents per pound. In accordance with Section 5a(a)(12) of the Commodity Exchange Act and acting pursuant to the authority delegated by Commission Regulation 140.96, the Acting Director of the Division of Economic Analysis (``Division'') of the Commodity Futures Trading Commission (``Commission'') has determined, on behalf of the Commission, that publication of the proposed amendments is in the public interest and will assist the Commission in considering the views of i