Decrease in Spot Month Position Limits for Palladium Futures and Option Contracts

Pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will decrease the spot month position limits for the NYMEX Palladium futures and its associated option contract from 650 to 500 contract units effective at the close of trading on November 26, 2014 for the December 2014 contract month. The terms and conditions for the NYMEX Palladium futures contract and its associated option contract will be updated and inserted into the NYMEX Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook on November 26, 2014.