Notice to Members
Notice No. 333 06/15/2006
COMEX Spot Month Copper Position Limit Reduction
Based on the continued decline of COMEX copper warehouse stocks, pursuant to Exchange Rule 104.47(b), the Control Committee has determined to reduce the copper futures spot month position limit from 250 contracts to 175 contracts. This reduction will be effective on the close of business Friday, June 16, 2006, beginning with the current June 2006 spot month copper futures contract. Any customer presently holding a position in excess of the 175-contract limit in the June 2006 Copper Futures contract should contact the Compliance Staff at the numbers listed below. Temporary exemptions from the revised limits will be considered on a case-by-case basis.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com