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The New York Mercantile Exchange, Inc. announced today that it will change margins for its platinum and palladium futures contracts, effective at the close of business on May 5.
Platinum futures margins will decrease to $6,000 from $7,000 for clearing members, to $6,600 from $7,700 for members, and to $8,100 from $9,450 for customers.
Margins for the Asian platinum futures contract will decrease to $1,929 from $2,251 for clearing members, to $2,122 from $2,476 for members, and to $2,605 from $3,039 for customers.
Palladium futures margins will decrease to $2,750 from $4,500 for clearing members, to $3,025 from $4,950 for members, and to $3,713 from $6,075 for customers.
Margins for the Asian palladium futures contract will decrease to $442 from $723 for clearing members, to $486 from $795 for members, and to $597 from $976 for customers.
