CME Trading Halted Levels: MNQ

[sandman]

Due to Market Volatility the CME Group announced price limits on their webpage:

https://www.cmegroup.com/trading/price-limits.html#equityIndex

This poses the question:

NT has but one instrument under the label MNQ - however CME has five MNQs: MNQZ0, MNQU0, MNQM0, MNQH1 and MNQH0. Which one of the CME ones corresponds to NTs MNQ?

sandman

[NinjaTrader_PatrickG]

The letters and numbers after the symbol name represent contract months and years. For example, MNQH1 is MNQ 03-21.

Here is a CMEGroup link that explains this:

https://www.cmegroup.com/month-codes.html

[sandman]

Got it. Thanks Patrick.

See attached. Is my understanding correct that if price hits 833825, then the CME halts trading - but only going short. If I were to enter into a long trade, it would be accepted.

sandman

[NinjaTrader_PatrickG]

This has nothing to do with a long or short position you plan on holding. This page is describing the actions that the CME takes in case the market reaches those price thresholds. I would suggest that you read the top portion of the page you linked and also contact your broker to learn more.

[sandman]

Thanks Patrick. I had misinterpreted the heading "Down Only" on the CME page.

sandman