• Spot Month Position Limit Increase for COMEX Copper Futures - Amendment to NYMEX Rule 559

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5098
      • Notice Date
      • 21 January 2010
      • Effective Date
      • 26 February 2010
    • 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

      750 1,200

      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.