CME Group Braces for Volatility Surge Around Brexit Vote

CME Group (NYSE:CME) has doubled the special price fluctuation limits for all currency futures and options, as the exchange operator prepares for potentially wider trading ranges in relation to the upcoming Brexit vote.

In a notice to electronic traders, CME Group also said it has reverted to regular trading hour special price fluctuation limits in all interest-rate futures, allowing for bigger price swings than are normally permitted during non-U.S. trading hours.

(Reporting by Ann Saphir and Tom Polansek; Editing by Chris Reese)