Nymex To Raise Margins For Spot Month Platinum Futures
Date 15/01/2003
The New York Mercantile Exchange, Inc., today announced that it will raise margin rates for the spot month of platinum futures contracts to $6,600 from $1,600 for clearing members, to $7,260 from $1,760 for members, and to $8,910 from $2,160 for customers, as of the close of business today.
The margin rates for all other contract months will remain unchanged.