CME changes rules on renminbi futures contracts

Higher trading ranges reflect changes in volatility

cme
CME

Two CME Group rules have been amended in response to rising volatility in onshore and offshore renminbi futures contracts.

Changes to rule 588, covering Globex non-reviewable trading ranges, and rule 589, which deals with price-fluctuation limits, became effective on September 20, and will affect futures traded on the exchange commencing with the October 2015 contract month.

With respect to rule 588, CME has increased the trading ranges of standard-sized USD/CNY and USD/CNH futures, and E-micro

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