New York Mercantile Exchange Reduces Position Limits And Accountability Levels For Copper Futures

The New York Mercantile Exchange, Inc., today will make permanent its reduction in spot month position limits to 3,000 contracts for the copper futures contract and will reduce the any–month/all–months position accountability levels to 5,000 from 10,000 contracts.

The spot month position limit may be reduced further by the control committee as it deems appropriate. Position limits were temporarily reduced from 5,000 contracts in December 2003.