• Amendments to the CBOT, COMEX, and NYMEX Position Limit, Position Accountability, and Reportable Level Tables in Connection with the CFTC Final Rule on Position Limits for Derivatives

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      • MSN01-28-21R
      • Notice Date
      • 01 March 2021
      • Effective Date
      • 15 March 2021
    • This revised Market Surveillance Notice is being issued to advise the marketplace of changes related to the filings submitted to the CFTC. Please note MSN01-28-21R supersedes MSN01-28-21 from January 28, 2021.

      Pending all relevant CFTC regulatory review periods, effective on trade date March 15, 2021 for the April 2021 contract month and beyond, the Commodity Exchange Inc (“COMEX”), the New York Mercantile Exchange (“NYMEX”) and the Chicago Board of Trade (“CBOT”) will make changes to position limits as noted below and in Appendix A and Appendix C of CBOT Submission 21-068S, Appendix A & B and Appendix C of NYMEX/COMEX Submission 21-108, and Appendix A of NYMEX Submission 21-109. Please note NYMEX/COMEX Submission 21-067 and NYMEX Submission 21-066 were withdrawn on February 18, 2021.

      Please note that Position Limits are calculated on a net futures-equivalent basis by contract and include contracts that aggregate into one or more base contracts as set forth in the CBOT, COMEX, and NYMEX Position Limit, Position Accountability and Reportable Level Tables (the “Tables”). Therefore, any contract that aggregates into one or more of the below listed contracts will also be subject to the amended position limits on the aforementioned effective date. Please note that contract months up to and including the March 2021 contract months are unchanged.

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