The New York Mercantile Exchange, Inc. today announced margins for its new New York Harbor ethanol futures contract, which will launch on March 30 for trade date March 31.
Margins will be $4,500 for clearing members, $4,950 for members, and $6,075 for customers.
Intra-commodity spread margins will be $400 for clearing members, $440 for members, and $540 for customers.
Spot assessment margins will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers.
