Nymex unveils reporting levels for new Comex contracts
Dec 01, 2006 | 12:49 PM
| Sean Barry
The New York Mercantile Exchange revealed Friday the position accountability, expiring month position limits and reporting levels for its new Comex futures contracts.
The Comex minNY contracts are set to start trading on Chicago Mercantile Exchange's Globex system on the evening of Dec. 3 and will go head-to-head with the London Metal Exchange minis.
The position accountability levels for the Comex miNY copper futures contract will be 5,000 contracts for any single month or all months, the exchange said.
They will have a 400-contract expiration month limit. Clearing members must identify customers with a position of 25 or more contracts to the exchange.....
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