(Reuters) - "The CME Group was granted a 90-day reprieve from imposing new rules that will hike margins for some exchange members by as much as a third, one day after news of the increase riled locals and roiled markets.
The new rules, which would have increased trading costs for exchange members who are classified as speculators, will now come into effect on August 5 instead of on Monday, it said in a release.
Members will continue to enjoy special terms that allow them to meet the lower "hedger" margin requirement during the 90 days.
"During the extension period, CME Clearing will work with the CFTC (Commodity Futures Trading Commission) to address member-customer concerns," the CME said. The exchange said it had requested and been granted the delay on Thursday."
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