E-mini Russell 2000 Futures

Tick Size .10 = $10

Calendar Spreads = .05

Last trading day is the third Friday of the expiration month. Trading ceases at 09:30 ET.

Contract

Russell 1000 Mini | 10% Limit: 70 | 20% Limit: 140 | 30% Limit: 210

Russell 2000 Mini | 10% Limit: 80 | 20% Limit: 160 | 30% Limit: 240

Russell 1000 Value Mini | 10% Limit: 70 | 20% Limit: 140 | 30% Limit: 210

Russell 1000 Growth Mini | 10% Limit: 60 | 20% Limit: 120 | 30% Limit: 180

NYSE Composite | 10% Limit: 780 | 20% Limit: 1560 | 30% Limit: 2340

Trading in the Russell Complex Futures Contracts will be subject to the following:

(a) There shall be price limits corresponding to declines of 10.0%, 20.0% and 30.0% which are calculated at the beginning of each calendar quarter, based upon the average Settlement Price of the nearest primary Futures Contract during the month prior to the beginning of the quarter (denoted as "AP"). The calculation shall be as follows:

(i) The 10.00% price limit shall be 10% of the AP rounded to the nearest integral multiple of ten (10) index points ("Level 1 Limit");

(ii) The 20.0% price limit shall be two (2) times the 10.0% price limit ("Level 2 Limit"); and

(iii) The 30.0% price limit shall be three (3) times the 10.0% price limit ("Level 3 Limit"). The number of points calculated for each price Level Limit shall be the number of points subtracted from the previous day's Settlement Price in order to determine if the primary Futures Contract has been traded, is or would be offered, at a price equal to or more than the prescribed limit.

(b) On any Business Day when a general trading halt occurs on the New York Stock Exchange, Inc. pursuant to NYSE Rule 80B, trading in the Russell Complex Futures Contracts shall be halted. Once trading in the primary securities market resumes after an NYSE Rule 80B trading halt, trading in the Russell Complex Futures Contracts shall resume and the next applicable price limit shall apply.

(c)(i) Subject to the qualifications set forth in clause (ii) of this paragraph (c), when the Exchange determines that, in any of the various Russell Complex Futures Contracts, the primary Futures Contract has been traded, is or would be offered, at a price that is equal to or more than the Level 1 Limit below its previous day's Settlement Price, trading shall cease for a period to be determined by the Exchange with notice provided to market participants of the time the market shall reopen. The next applicable price limit shall apply to such reopening.

(ii) If the Level 1 Limit has not been reached by or after 2:30 p.m. New York Time, the Level 2 Limit becomes the applicable price limit for the remainder of the trading day.

(d) When the primary Futures Contract has been traded, is or would be offered, at a price that is equal to or more than the Level 2 Limit below its previous day's Settlement Price, trading shall cease for a period to be determined by the Exchange with notice provided to market participants for the time the market shall reopen. The next applicable price limit shall apply to such reopening.

(e) No trade in any Russell Complex Futures Contract may occur at a price that is more than a Level 3 Limit for such contract.

(f) If, on any Business Day, a Level Limit is in effect on or after 4:00 p.m. New York Time, such Level Limit will remain in effect until the close of the electronic trading session for such Business Day. When the electronic trading session opens for the following Business Day, the primary Futures Contracts of any of the various Russell Complex Futures Contracts shall not be traded at a price that is more than the Level 1 Limit below the previous day’s Settlement Price until 9:30 a.m. New York Time on such Business Day.

(g) The price limit restrictions set forth in paragraphs (c), (d) or (e) above, shall be maintained at an approximate correspondence to the trigger values set forth in NYSE Rule 80B. Whenever a trigger value set forth in NYSE Rule 80B is changed, the Exchange shall, on notice to its Members, substitute a new price limit restriction in paragraphs (c), (d) or (e) above, which approximately corresponds to such changed trigger value.

The maximum daily limit is 30% or Level 3, i.e., the number of Level 3 points for the quarter subtracted from the previous day's Settlement Price. Trading can occur at or above this limit and cannot trade below it.

Minimum quantity of 20 contracts

The volume-weighted average price of all electronic trades transacted in the closing session (16:14 to 16:15 ET)

50,000-Single Month

50,000-All Months

6.25

(a) The final Settlement Price for the Russell 2000 Index Mini Futures Contract shall be determined on the third (3rd) Friday of the delivery month or, if the Russell 2000 Stock Price Index is not published for that day, on the first (1st) preceding day for which such Index is scheduled to be published.

(b) If the New York Stock Exchange (NYSE) or NASDAQ are not open on the day scheduled for the determination of the final Settlement Price, then the NYSE-stock or NASDAQ-stock component(s) of the final Settlement Price shall be based on the next opening prices for NYSE and NASDAQ stocks.

(c) The final Settlement Price shall be a special calculation of the Russell 2000 Index based on the opening prices of the component stocks in the Index, or on the last sale price of a stock that does not open for trading on the regularly scheduled day of final settlement.

In accordance with Rule 559., Position Limits and Exemptions, no person shall own or control positions in excess of 50,000 contracts net long or short in all months combined. The aggregate position limit in DJIA Index ($25 multiplier) futures, mini-sized Dow futures ($5 multiplier) and options, and DJIA Index ($10 multiplier) futures and options is 50,000 DJIA Index futures contracts, net long or net short in all contract months combined. For the purposes of this rule:

- One DJIA Index ($10 multiplier) futures contract shall be deemed to be equivalent to two mini-sized Dow ($5 multiplier) contracts.

- One DJIA Index ($25 multiplier) futures contract shall be deemed to be equivalent to five mini-sized Dow ($5 multiplier) contracts.

- Two DJIA Index ($25 multiplier) futures contracts shall be deemed to be equivalent to five DJIA Index ($10 multiplier) futures contracts.

The final settlement price of an expiring mini-sized Dow futures contract shall be determined on the final settlement day (Rule 26105.). The final settlement price shall be $5 times a Special Opening Quotation (SOQ) of the DJIA based on the opening prices of DJIA component stocks.

If, on the regularly scheduled final settlement day, the designated primary market for a DJIA component stock does not open, then the next opening price for that component stock shall be used in the determination of the SOQ.

If, on the regularly scheduled final settlement day, the designated primary market for a DJIA component stock is open, but that component stock does not open for trading, then the last sale price for that component stock shall be used in the determination of the SOQ.

The final settlement day for an expiring mini-sized Dow futures contract shall be the third Friday of the contract expiration month. If the DJIA is not scheduled to be published for that day, then the final settlement day shall be the first preceding business day for which the DJIA is scheduled to be published.

Delivery against the mini-sized Dow futures contract must be made through the Clearing House. Delivery under these rules shall be on the final settlement day (as described in Rule 27105.) and shall be accomplished by cash settlement as hereinafter provided.

Clearing members holding open positions in mini-sized Dow futures at the time of termination of trading shall make payment to and receive payment through the Clearing House in accordance with normal variation settlement procedures based on a settlement price equal to the final settlement price (as described in Rule 27104.).