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 January 2010 metals contracts must be completed by the close of trade date December 29, 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.