"Price banding" or "banding" represents a function of the CME® Globex® electronic trading platform which may be applied to filter errant price-based orders before acceptance on the system. The link below provides a detailed look at price banding, including a list of price band levels for CME products.

• Price Banding (PDF)
• Understanding Price Banding (PDF)

For more information about equity price bands, please click here.