Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Got Gold Report (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Increase in Spot Month Position Limits for Four (4) COMEX Copper Futures and Option Contracts

% of readers think this story is Fact. Add your two cents.


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 200 to 400 contract units effective at the close of trading on August 28, 2014 for the September 2014 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 August 28, 2014.

(Bold/underline indicates additions; strikethrough indicates deletions)

Contract Name

Rule Chap-ter

Com-modity Code

Spot-Month Aggregate Into Futures Equivalent Leg (1)

Initial Spot-Month Limit (In Net Futures Equiva-lents)

Single Month Account-ability Level Leg (1)

All Month Account-ability Level Leg (1)

Report-ing Level

 

Copper Futures

111

HG

HG

400 200

5,000

5,000

25

Copper Option

117

HX

HG

400 200

5,000

5,000

25

Copper Average Price Option

1191

CAP

HGS

400 200

5,000

5,000

25

Copper Financial Futures

1190

HGS

HGS

400 200

5,000

5,000

25

 

 Please refer questions on this subject to:

Market Regulation

Surveillance:

Ryne Toscano                           [email protected]                         (212) 299-2879

Products:

Nadine Brown                            [email protected]                          (212) 299-2223

Large Trader Reporting:

Sandra Valtierra                         [email protected]                       (312) 347-4137

CME Group

Futures trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product.
CME Group is the trademark of CME Group, Inc. The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc. CBOT® is the trademark of the Board of Trade of the City of Chicago. NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc. COMEX is a trademark of Commodity Exchange, Inc.
Copyright ® 2014 CME Group. All rights reserved.
CME Group 20 South Wacker Drive Chicago, IL 60606 USA 1-800-331-3332 1-312-930-1000

 


Source: http://www.gotgoldreport.com/2014/07/increase-in-spot-month-position-limits-for-four-4-comex-copper-futures-and-option-contracts.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.