FT MarketWatch

Lock-limit

A system in which prices may move only up to a certain amount in either direction in a given Session. When the Lock-limit is reached, the price is not permitted to move any further in that direction that day. Lock-limits are most commonly used in the Futures market.

Related Terms: 7 ACH, Futures, ITS, Lock-limit, Market, Permit, Session
Other Related Pages: Category: Trading Starting With: L
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