Effective Dates for Spot Month Position Limits in January 2015 Core Contracts

Dear Market Participant:

Pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will increase the spot month position limits for the COMEX Copper futures and its associated futures and option contracts from 400 to 1,000 contract units effective at the close of trading on      December 30, 2014 for the January 2015 contract month.  The terms and conditions for the COMEX Copper futures contract and its associated futures and option contracts 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 December 30, 2014.