• Spot Month Position Limit Increase for NYMEX Platinum Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5378
      • Notice Date
      • 27 August 2010
      • Effective Date
      • 27 August 2010
    • Based on analysis of the current NYMEX depository stocks, the New York Mercantile Exchange, Inc. (“NYMEX”) has determined to increase the spot month position limit (NYMEX Rule 559) for Platinum futures from its current level of 150 contracts to 500 contracts.  This increase will commence with the January 2011 spot month, and will become effective at the close of business on December 30, 2010.  From that date forward until expiry, market participants must remain in compliance with the 500-contract limit unless exempted therefrom by the Market Regulation Department.  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


















      Platinum Futures





      150 500















      Contract related questions can be directed to Glenn Hofferber, Associate Director, Market Surveillance, at 212.299.2884, or Joe Hawrysz, Director, Global Market Surveillance, at 312.341.7750.