Non-Reviewable Range & Velocity Logic

NON-REVIEWABLE RANGE

The Non - Reviewable Range for each Exchange Contract is published by the GME in accordance with the Trade Cancellation and Price Adjustment Policy contained in Rule 6.17 of the GME Rulebook.

Minimum Size

  • GME Oman Crude Oil Futures Contract (OQD)

  • GME Oman Crude Oil Financial Contract (ZGD)

Contract Months

All Months

Effective Dates

Sunday, December 18, 2016

Contract Months

Contract No Bust Range
OQD USD$1.00
ZGD USD$1.00

Exchange Options Contracts

Sunday, December 18, 2016

Contract Months

All Months

Effective Date

Monday, December 12, 2011

Contract Bid / Ask Reasonability Allowance No Bust Range
OQE The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.10 20% of premium up to the underlying futures non-reviewable range

EXCHANGE FEES

Velocity Logic is designed to deter extreme market moves by detecting market movements of a predefined number of points within a predefined time period and reserve the market(s) when triggered. Velocity Logic is only triggered by movement in GME Oman crude oil futures contract (OQD) for which the functionality is enabled.

The Velocity Logic parameters for OQD are defined in the CME Globex Product Reference Sheet

Disclaimer