NYMEX Announces Initial Margins For Eurotop 300

The New York Mercantile Exchange has announced an initial margin of USD9,000 for all participants in the FTSE Eurotop 300 futures market, including clearing members, members, and non-member hedgers and speculators. The new contract will be introduced on Friday, October 22. The Exchange board also agreed to allow all full non-members of both Divisions of the Exchange, as well as permit-holders in the Eurotop 100 contract, full trading rights in the contract.