Amendments to Decrease Spot Month Position Limits of Two (2) Freight (Baltic) Futures Contracts

Beginning with the January 2020 contract month and beyond, the New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) will decrease the spot month position limits for the Freight Route TD7 (Baltic) Futures Contract (Commodity Code: TK) and its associated BALMO contract, Freight Route TD7 (Baltic) BALMO Futures Contract (Commodity Code: TKB) from 1,000 to 800 futures contracts equivalents as noted below and in Exhibit A of NYMEX Submission No. 19-434. The single month and all month accountability levels will also decrease from 10,000 to 8,000 contracts equivalents commencing with the January 2020 contract. Please note that the spot month limit and accountability levels in the December 2019 contract month remains unchanged. Please also note these contracts currently have zero open interest. 

For the full text of this notice, please see the link attached below.