Nymex Cuts Margin Requirements For Gasoline Futures

Exchange operator CME Group Inc. (CME) on Thursday cut the amount of collateral that traders must put up to trade gasoline futures.

At the close of business Friday, speculators in reformulated gasoline blendstock, or RBOB, futures traded on the New York Mercantile Exchange will have to put up an initial margin of $8,100 per contract, down from a previous requirement of $9,113, Nymex owner CME said in a note to traders.

To keep the contract open, called the maintenance requirement, speculators must maintain $6,000 of the initial margin, down from $6,750.

For hedgers and exchange members, CME lowered the initial margin requirement for gasoline futures to $6,000 from $6,750. The maintenance requirement for hedgers and exchange members will continue to remain the same as the initial requirement, CME said.

-By Dan Strumpf, Dow Jones Newswires; 212-416-2818; dan.strumpf@dowjones.com

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