Impact of Market Wide Circuit Breakers in Overnight Positions

March 15, 2020

Dear Manager,

Given the increased volatility in the markets recently, we wanted to highlight how overnight positions resulting from market wide circuit breakers, or similar marketplace/regulatory action, will be handled.

In the case that a market is closed early as a result of a market wide circuit breaker, or similar marketplace/regulatory action, any resulting overnight positions will be handled as per our normal overnight position handling policies.

You can review these policies here – https://metro.dttw.com/metro/node/15387780.

Note: Such overnight positions will not be treated as individual stock trading halts.

As a result, please make sure that you and your traders are closely monitoring the market(s) in which you trade and adjust your trading behaviour appropriately should prices approach such circuit breaker levels.

For more information please review the market guides posted on the PPro8Wiki here – https://www.ppro8wiki.com/doku.php?id=market_guides – as well as the specific market/exchange websites.

If you have any questions or comments, you can create a mojo.

Regards,