[bankwalker]

There’s a braking limit on futures? Who knew.

both on the down side ... and the up side ... for all futures contracts ... not just equity indices ... been there for decades ...

[Skywise]

Yeah - I knew they had them on the regular markets. I just figured the futures were always speculative and not as reigned in. Makes sense though.

[Norseman]

>>been there for decades<<

Yes, it’s there so that brokers can collect additional margin every day when people are caught in losing trades.

I believe silver once went limit down each day for a couple of weeks in early 1980 when the Hunt brothers were forced to liquidate their position. Actual silver went from $20 to $10 in one day and it took several days of limit down futures moves to catch up, as I recall.