Nymex to lower margins for copper, aluminium futures
Source: Press Release
metalsplace.com
The New York Mercantile Exchange, Inc. announced Friday that it will change margins for its copper and aluminium futures and COMEX miNYTM copper futures contracts, effective at the close of business on Monday.
Margins for the copper futures contract will decrease to $4,250 from $4,500 for clearing and non-clearing members and to $5,738 from $6,075 for customers.
The margins for the aluminium futures contract will increase to $4,000 from $3,000 for clearing and non-clearing members and to $5,400 from $4,050 for customers.
Margins for the COMEX miNY copper futures contract will decrease to $2,125 from $2,250 for clearing and non-clearing members and to $2,869 from $3,038 for customers. |
