Nymex To Decrease Margins On Alluminum Futres Contracts

The New York Mercantile Exchange, Inc., will decrease the margins on its aluminum futures contract at the close of business tomorrow.

The Exchange will decrease the margins for all months to $1,250 from $1,750 for clearing members and members and to $1,688 from $2,363 for customers.

Inter-exchange spread margins between the COMEX Division aluminum contract and the one traded on the London Metal Exchange will decrease to $750 from $1,250 for clearing members and members and to $1,013 for customers.