NYMEX Announces Margins For New MACI And Backwardation-Contango Index Futures Contracts

The New York Mercantile Exchange, Inc. today announced margins for its new MACI and Backwardation-Contango index futures contact that will launch on CME Globex®, NYMEX ClearPort®, and the NYMEX trading floor on February 10 for trade date February 11.

Margins for the MACI index futures (contract code XC) contract will be $1,100 for clearing member, $1,210 for members, and $1,485 for customers.

Margins for the Backwardation-Contango index futures (contract code XK) contract will be $200 for clearing members, $220 for members, and $270 for customers.

NYMEX will provide a 98% credit for the spread trade of each 30 MACI index futures contracts against one strip of six months of the NYMEX crude oil futures comprising the MACI index futures.