The amendments require a person holding or controlling 5,000 or more futures equivalent contracts net long or net short in all futures and options months combined to automatically consent not to increase his/her position when so ordered by the Exchange.
In addition, such persons are required to provide the Exchange, upon request, with all necessary information concerning their related cash, futures and options positions. The 500-contract notice period position limit is not impacted by these amendments. Additional amendments set a net overall months position limit of 1,000 contracts for the Mini Coffee "C" contract.
The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions NYBOT offers an expanding range of agricultural, currency and index products. Information about the New York Board of Trade can be found at www.nybot.com.
