Position adjustments for both NYMEX and COMEX Division metals contracts are prohibited commencing two business days prior to the first business day of the delivery month, and throughout the delivery month. Therefore, all position adjustments of concurrent futures positions for the November 2009 metals contracts must be completed by the close of trade date October 28, 2009.
Additionally, position adjustments of concurrent futures positions for NYMEX energy contracts are not permitted during the last three trading days of the respective contracts. NYMEX Rule 854 is cited below.
If you have any questions concerning this matter, please contact Chris Reinhardt, Manager, Market Surveillance, at 212.299.2884, or Anthony V. Densieski, Director, Market Surveillance, at 212.299.2881.
For the full text of this advisory, please click here.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.