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Default For Sugar No. 11, Coffee and Cocoa, all trades executed at pricesaway from the Equilibrium price by more than the number of points specifiedfor that market, as shown below, will be broken by the Exchange

Sugar No. 11, Coffee ?C? and Cocoa Futures Contracts:

For Sugar No. 11, Coffee and Cocoa, all trades executed at prices away from
the Equilibrium price by more than the number of points specified for that
market, as shown below, will be broken by the Exchange.

--Sugar No. 11? 150 points / $.0150

--Coffee ?C? ? 500 points / $.0500

--Cocoa ? 150 points / $150.00


For example, in the event that the Exchange determines that a downward
price spike has occurred in a Cocoa futures contract and that the
Equilibrium price at the end of the spike was 2850, all trades below 2700
(i.e., 2850 minus 150) will be cancelled.



Russell Stock Index and US Dollar Index Futures Contracts:

For Russell Stock Indexes and the USDX, all trades executed at prices away
from the Equilibrium price by more than the number of points specified for
that market, as shown below, will be adjusted to the Equilibrium price plus
(in the case or upward spikes) or minus (in the case of downward spikes)
the number of points specified above for that market.

--Russell Stock Indexes ? 750 points/ 7.50

--USDX ? 100 points/ 1.000



For example, in the event that the Exchange determines that a an upward
price spike has occurred in a USDX 11 futures contract and that the
Equilibrium price at the end of the spike was 78.580, all trades above
79.580 (i.e., 78.580 plus 1.000) will be adjusted to a price of 79.580.



Notwithstanding the foregoing, as in all circumstances, IFUS always retains
the right to depart from this Guideline and take such action as it deems to
be in the best interest of the market.



This Guideline is separate and distinct from the IFUS Error Trade Policy.
For the avoidance of doubt, if any trade during a Price Spike occurs
outside of the No-Cancellation Range (or ?NCR?) for that market, IFUS will
investigate the trade and determine whether or not to bust

(Source: ICE)

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