Position limits are established by the exchange as permitted by CFTC Regulation 41.25.
A position limit violation occurs when a non-omnibus account holding a position in a product-contract within five (5) days of the product-contract's expiration has a calculated component deliverable exceeding the component's 100-share contract limit.
Parties may file a position limit exemption with the exchange on behalf of accounts whereby the position meets the following qualifications:
Each day the exchange publishes the latest position limits in terms of 100-share contracts for all components underlying OneChicago Products. Parties should look to this publication to determine if necessary to file a position limit exemption with the exchange.