Reasonability Limits definition
Reasonability Limits means the amount by which the price of an Exchange Commodity Contract may increase or decrease in one trading sequence from the last traded price of that delivery or expiration month or the amount the price may change from a price determined by an ETS algorithm. Market Orders will not be permitted to result in Trades at prices that are outside of the Reasonability Limits, and Limit Orders to sell at prices below the lower Reasonability Limit and Limit Orders to buy at prices above the upper Reasonability Limit at the time the order is entered will be rejected.
Reasonability Limits means the amount by which the price of an Exchange Commodity Contract may increase or decrease in one trading sequence from the last traded price of that delivery or expiration month or the amount the price may change from a price determined by an ETS algorithm. Orders entered with prices above or below the Reasonability Limits will not be permitted to result in Trades at prices that are outside of the Reasonability Limits.