Nymex Announces Series Of Copper Margin Increases

The New York Mercantile Exchange, Inc., will increase the margins on its February and March 2001 COMEX Division copper futures contracts as of the close of business on February 2 and 9. will be increased to $4,050 from $1,350.

At the close of business on February 9, clearing member margins will be increased to $5,000 from $3,000, member margins will be increased to $5,500 from $3,300, and customer margins will be increased to $6,750 from $4,050.

At the close of business on February 2, clearing member margins will be increased to $3,000 from $1,000, member margins will be increased to $3,300 from $1,100, and customer margins.