NEW YORK, US – Effective with the start of trading for trade date Wednesday, the Exchange will increase Reasonability Limit (“RL”) level for the Coffee “C” futures contract to 375 points.
Under the Exchange’s Error Policy, the RL for a product establishes a maximum range within which market orders may be executed; any residual volume on a market order that cannot be executed within the RL range will be cancelled.
With this change to the RL for Coffee “C” futures, the RL range will be $0.0375 per pound above/below the Anchor Price for the product.
A complete listing of current No Cancellation Ranges and Reasonability Limit levels for all futures and options contracts and of CSLOR levels for all futures contracts can be found at:
https://www.theice.com/publicdocs/futures_us/no_cancellation_range_and_reasonablity_limits.pdf.
