Notice to Members
Notice No. 286 06/02/2006
Elimination of Price Fluctuation Limit Rules for Listed COMEX Contracts
Previously, by Notice to Members No. 06-269, the Exchange proposed deleting price fluctuation limits for listed COMEX contracts. This change was proposed in order to better facilitate the core functions of price discovery and hedging provided by COMEX products. The Exchange is now confirming that this change will be implemented effective with the NYMEX ACCESS® session commencing Sunday evening on June 4, 2006. As a result, NYMEX is deleting from the Exchange's rulebook the following COMEX rules that had set forth price limits respectively for gold, silver and copper (Rules 113.10, 112.14 and 111.43).
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com