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The New York Mercantile Exchange, Inc. today announced margin changes for two of its freight futures contracts on NYMEX ClearPort®, beginning at the close of business on Wednesday.
Margins for the TC2 Europe to U.S. Atlantic Coast freight futures will increase to $1,500 from $1,200 for clearing members, to $1,650 from $1,320 for members, and to $2,025 from $1,620 for customers. Margins for the TD3 Middle Eastern Gulf to Japan freight futures contract will increase to $1,800 from $1,500 for clearing members, to $1,980 from $1,650 for members, and to $2,430 from $2,025 for customers.
