• Position Adjustment Deadlines for the June 2009 Metal and Energy Contracts - NYMEX Chapter 8, Rule 854 (formerly NYMEX Rule 9.04(P))

      • To
      • Clearing Member Firms; Chief Financial Officers; Back Office Managers
      • From
      • CME Clearing
      • #
      • 09-183
      • Notice Date
      • 01 May 2009
      • Effective Date
      • 01 May 2009
    • Position adjustments for both NYMEX and COMEX Division metals contracts are prohibited commencing two business day 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 June 2009 metals contracts must be completed by the close of trade date May 27, 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.
       

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