The maximum amount of change, up or down, from the previous trading session's Closing Price that a futures contract, security or other exchange listed financial derivative's value can move on any given trading day before trading is closed. The forex market is largely unregulated and do does not have a price limit, although central banks will sometimes intervene if the market becomes disorderly. also called limit up, limit down and locked market.
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Down-and-out barrier option
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