Based on analyses of the current COMEX warehouse stocks, the New York Mercantile Exchange, Inc. (“NYMEX”) has determined to increase the spot month position limit (NYMEX Rule 559) for Copper Futures from 750 contracts to 1,200 contracts. This increase will commence with the March 2010 spot month, effective for trade date February 26, 2010. NYMEX Chapter 5, Position Limit, Position Accountability and Reportable Level Table will be amended as follows:
(Bold/underline indicates additions; strikethrough indicates deletions)
Contract Name |
Rule Chapter |
Com-modity Code |
All Month Account-ability Level |
Any One Month Account-ability Level |
Expiration Month Limit |
Report-ing Level |
Aggre-gate Into (1) |
|
|
|
Rule 560 |
Rule 560 |
Rule 559 |
Rule 561 |
|
Metals |
|
|
|
|
|
|
|
USA |
|
|
|
|
|
|
|
Copper Futures |
111 |
HG |
5,000 |
5,000 |
|
25 |
HG |
Contract related questions can be directed to Anthony V. Densieski, Director, Market Surveillance at 212.299.2881, or Chris Reinhardt, Supervisor, Market Surveillance at 212.299.2884.