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To: Tom Trader who wrote (39681)	4/15/1998 10:39:00 AM
From: Patrick Slevin	Read Replies (1) of 58727

Speaking of futures, I imagine you know this but just in case, (It's copied from an e-mail, hence the odd paragraph breaks.) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ All S&P traders should be aware that on Wednesday, April 15, the CME will put into effect new levels for circuit breakers/trading halts for the S&P 500 and other equity indices. They have posted the announcement on their web site at cme.com Briefly, the new levels are as follows for the S&P 500 lead month futures contract: 25.00 up or down limit to replace 15.00 on the Globex 25.00 "speed bump" to replace current 15.00 during regular trading hours 50.00 "speed bump" to replace current 30.00 during regular trading hours 100.00: trading halt coordinated with NYSE if before 1:30pm Cental; becomes a speed bump if after 1:30pm 200.00: trading halt coordinated with NYSE; Merc's maximum daily price limit The CME wanted to implement the new circuit breakers/halts on April 1 along with the NYSE . However, they needed to wait for approval, which they received last week; hence the April 15 start.

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