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