CIRCUIT BREAKERS [12th March]: Hard upside or downside limit of 5% during non-US hours in Futures, 7%, 13% and 20% circuit breakers in US Cash/Futures during US hours

*S&P 500

During non-US trading hours (Futures) – Hard upside or downside limit of 5% from 1800EDT/2200GMT to 0930EDT/1330GMT (2601.00 downside/2875.00 upside)

Midpoint of the limit is based on the futures fixing price

Width of limit is based on index value at 1600EDT/2000GMT

During US trading hours (Cash)

• Level 1: 7% fall to 2549.48 before 15:25EDT/19:25GMT will prompt a 15-minute pause.


• Level 2: 13% drop to 2385.00 before said time will introduce another 15-minute pause.


• Level 3: 20% decline to 2193.10 within the time will shut the markets

NOTE: Only the 20% rule applies to the final 35 minutes of trading.

During US trading hours (Futures)

• Level 1: 7% fall to 2546.50


• Level 2: 13% drop to 2382.00


• Level 3: 20% decline to 2190.00

*NASDAQ:

During non-US trading hours (Futures) – Hard upside or downside limit of 5% from 1800EDT/2200GMT to 0930EDT/1330GMT (7601.50 downside/8402.00 upside)

During US trading hours (Futures)

• Level 1: 7% fall to 7441.50


• Level 2: 13% drop to 6961.00


• Level 3: 20% decline to 6400.75

*DOW JONES:

During non-US trading hours (Futures) – Hard upside or downside limit of 5% from 1800EDT/2200GMT to 0930EDT/1330GMT (22344 downside/24698 upside)

During US trading hours (Futures)

• Level 1: 7% fall to 21873


• Level 2: 13% drop to 20460


• Level 3: 20% decline to 18811

12 Mar 2020 - 08:19- EquitiesImportant- Source: Newsquawk/CME