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The New York Mercantile Exchange, Inc. announced today that it will change margins for its platinum futures contracts, effective at the close of business tomorrow.
Platinum futures margins will increase to $7,000 from $6,000 for clearing members, to to $7,700 from $6,600 for members, and to $9,450 from $8,100 for customers.
Margins for the Asian platinum futures contract will increase to $2,251 from $1,928 for clearing members, to $2,476 from $2,121 for members, and to $3,039 from $2,603 for customers.
