NYMEX To Change Margins For Platinum And Palladium Futures Contracts

The New York Mercantile Exchange, Inc. announced today that it will change margins for its platinum and palladium futures contracts, effective at the close of business tomorrow.

Margins for the platinum futures contract will decrease to $2,500 from $3,250 for clearing members, to $2,750 from $3,575 for members, and to $3,375 from $4,388 for customers.

The margins for the palladium futures contract will decrease to $1,500 from $2000 for clearing members, to $1,650 from $2,200 for members, and to $2,025 from $2,700 for customers.