Futures Limit Order Price Reasonability Checks

Futures simple limit orders and quotes are subject to Exchange defined limit order price reasonability checks based on the order/quote limit price and the percentage through the contra side best bid or offer (BBO). Any order or quote priced through the contra side BBO by more than or equal to the percentage indicated in the table below will be rejected. See the product level system parameters and Rule 513A for more details.

Table 1. Futures Limit Order Price Reasonability Checks

	VX	VXT	VXM	VXMT	VA	IBHY	IBIG	IEMD
Limit Order Protection (CFE Setting)	10%	None	10%	None	10%	1%	1%	1%