FORUMS BROKERS SOFTWARE
Home
 
    Forums > Main > Trading > Overseas margin

Old May 7th, 2012, 02:05 AM   #1
ljyoung
 
 
Join Date: Apr 2006
Posts: 1,445
This is the current CME performance bond/margin requirements for the ES contract:
CME EQUITY INDEX E-MINI S&P 500 FUTURES ES 06/2012 06/2013 4,375 USD 3,500 USD

Could someone please tell me if traders, say in the London futures 'daytime trading' market, which opens at 3 AM Eastern Time have to post the full initial margin amount ($4375 USD) for each contract because it is after-hours with respect to the US futures market (9:30 AM to 4:15 PM)? In other words, is it only during US RFTH that reduced margin requirements (like $400/ES contract) can be in effect?
    Quote
Old May 7th, 2012, 02:21 AM   #2
ocean5
 
 
Join Date: Feb 2012
Posts: 934
Quote:
Quote from ljyoung:

In other words, is it only during US RFTH that reduced margin requirements (like $400/ES contract) can be in effect?
That`s correct.From 4:15 pm est to 3:45pm est reduced margin in effect.ETH Globex
    Quote
Old May 7th, 2012, 12:34 PM   #3
ljyoung
 
 
Join Date: Apr 2006
Posts: 1,445
Sorry ocean5 I'm not getting what you are saying.

US RFTH (regular futures trading hours) are from 9:30 AM till 4:15 PM ET. As we all know, during that time one can daytrade futures and pay as little as $400/contract. Are you saying that as far as you know, anytime outside that time frame, all over the world, the full margin price per ES contract (currently $4375 USD) must be paid?
    Quote
Old May 7th, 2012, 01:59 PM   #4
ocean5
 
 
Join Date: Feb 2012
Posts: 934
Quote:
Quote from ljyoung:

Sorry ocean5 I'm not getting what you are saying.

US RFTH (regular futures trading hours) are from 9:30 AM till 4:15 PM ET. As we all know, during that time one can daytrade futures and pay as little as $400/contract. Are you saying that as far as you know, anytime outside that time frame, all over the world, the full margin price per ES contract (currently $4375 USD) must be paid?
Not exactly.You must pay the full margin only to get over settlement hour which is at 3:45 pm est and to hold over days weeks etc.You can use intraday margin which is 400-500$ at ETH Globex starting from 4:15 pm est till 3:45 pm est next day- almost 24 hrs.
    Quote
Old May 7th, 2012, 02:13 PM   #5
ljyoung
 
 
Join Date: Apr 2006
Posts: 1,445
Got it. Thank you.

So then when one looks at the overseas/overnights and observes not infrequently, a volume increase at 3 AM ET, it may well be someone buying ES contracts at something less than $4375 USD/contract. Correct?

If we move Stateside, then if one is flat at the end of RFTH for Day 1, then, if your broker permits it, one can buy a contract for Day 2 (after 4:15 PM ET) at something less than $4375 USD/contract. Correct?
    Quote
Old May 7th, 2012, 04:05 PM   #6
ocean5
 
 
Join Date: Feb 2012
Posts: 934
1.Correct
2.Correct
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider