Mercantile Exchange to Raise Margins: The New...
From Times Staff and Wire Reports
Mercantile Exchange to Raise Margins: The New York Mercantile Exchange said it is raising its margins on crude, heating oil and unleaded gasoline futures contracts. The initial minimum margins on heating oil and unleaded gasoline contracts will be raised to $4,000 from $2,000 for customers and to $3,000 from $1,600 for clearing members. The margin on crude contracts for customers will be raised to $3,000 from $1,250 and to $2,100 from $1,000 for clearing members.
