NYMEX To Change Margins For Eight New Electricity Futures Contract

The New York Mercantile Exchange, Inc. today announced margins for its new cash-settled electricity futures contracts for the Texas market, which launch on March 9 for trade date March 10.

Margins for the NYMEX ERCOT broker seller's choice index peak (SNL Energy), NYMEX ERCOT Houston index peak (SNL Energy), NYMEX ERCOT Broker North Index Peak (SNL Energy), and NYMEX ERCOT Broker South Index Peak (SNL Energy) futures contracts will be $6,000 for clearing members, $6,600 for members, and $8,100 for customers.

Margins for the NYMEX ERCOT broker seller's choice index calendar day peak (SNL Energy), NYMEX ERCOT Houston index calendar day peak (SNL Energy), NYMEX ERCOT Broker North Index calendar day peak (SNL Energy), and NYMEX ERCOT Broker South Index calendar day peak (SNL Energy) futures contracts will be $13,000 for clearing members, $14,300 for members, and $17,550 for customers.