NYMEX says to lower margins on palladium futures


NEW YORK, March 25 (Reuters) - The New York Mercantile Exchange said on Thursday it will lower the margins on its NYMEX division palladium futures contract, effective with the the close of business on Friday. Margins for all months will decrease to $2,000 from $2,500 for clearing members, to $2,200 from $2,750 for members, and to $2,700 from $3,375 for customers, NYMEX said in a statement.

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