The New York Mercantile Exchange, Inc. today announced the position accountability, expiring month position limits and reporting levels for its new Russian export blend crude oil (REBCO) futures contract that will be offered for trading on CME Globex beginning on October 22 for trade date October 23.
The position accountability level will be 10,000 contracts for any single month or all months. For the last three days of the expiring month, contracts have a 730-contract position limit. Clearing members must identify customers with a position of 25 or more contracts to NYMEX.
For more information, go to www.nymexoncmeglobex.com.