Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex To Increase Margins On Gasoline Futures Contracts

Date 25/05/2004

The New York Mercantile Exchange, Inc., announced that it will increase the margins on its gasoline futures, gasoline calendar swap futures, and gasoline crack spread calendar swap futures contracts at the close of business today.

Margins on all months of the gasoline futures and gasoline calendar swap futures contracts will increase to $4,000 from $3,500 for clearing members, to $4,400 from $3,850 for members, and to $5,400 from $4,725 for customers.

Margins for all months of the gasoline crack spread calendar swap futures contract will increase to $2,275 from $2,100 for clearing members, to $2,503 from $2,310 for members, and to $3,071 from $2,835 for customers.

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