CME Group, the world's largest and most diverse exchange, today announced that, effective February 12, pending CFTC approval, daily price limits in Wheat futures and options contracts as well as Mini-sized Wheat futures contracts will be increased from $0.30 per bushel to $0.40 per bushel.
The price limit increases are necessary to align the company's Wheat contract price limits with those of the Minneapolis Grain Exchange and Kansas City Board of Trade. All three markets serve North American grain market participants worldwide. The company's action to align price limits is designed to benefit customers who would incur additional market risk from differing price limits among these exchanges.
CME Group is the world's largest and most diverse exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange Holdings Inc. (CME) and CBOT Holdings, Inc. (CBOT), CME Group serves the risk management needs of customers around the globe.
As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME". -- www.cme.com
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