AMP's lowered ON currency margins

just discovered the lowered rates

Name . . Symbol . . Exchange . . Initial Margin . . DayTrade Margin
Australian Dollar 6A CME/Globex $2,475.00 . . $500.00
British Pound 6B CME/Globex $1,650.00 . . $500.00
Canadian Dollar 6C CME/Globex $1,650.00 . . $500.00
EuroFX 6E CME/Globex $3,300.00 . . $500.00
Japanese Yen 6J CME/Globex $3,025.00 . . $500.00
Mexican Peso 6N CME/Globex $3,300.00 . . $500.00
Swiss Franc 6S CME/Globex $3,850.00 . . $500.00
Dollar Index DX ICE Futures U.S. $1,100.00 . . $500.00
E-mini EuroFX E7 CME/Globex $1,650.00 . . $500.00
E-mini Japanese Yen J7 CME/Globex $1,513.00 . . $500.00
E-micro AUD/USD M6A CME/Globex $248.00 . . $100.00
E-micro GBP/USD M6B CME/Globex $165.00 . . $100.00
E-micro USD/CAD M6C CME/Globex $187.00 . . $100.00
E-micro EUR/USD M6E CME/Globex $330.00 . . $100.00
E-micro USD/JPY M6J CME/Globex $330.00 . . $100.00
E-micro USD/CHF M6S CME/Globex $330.00 . . $100.00
http://www.ampfutures.com/margins_req.html

http://www.ampfutures.com/contract_specs.html

 

It's the exchange minimums. Cross reference the CME site.

Mirus and Velocity have same ON as well.

 

Wonder what time do they consider as a day-trading session? Is GLOBEX session included?

 

yes. here's the Trading Hours page: http://www.ampfutures.com/trading_hours.html

Globex currencies stop trading at 5pm EST and re-open at 6pm EST

BUT

a day trade HAS to be closed 10 ? minutes before the Globex close if there's not
enough margin to hold the trade ON otherwise AMP will close the trade and charge
a fee of $25 for closing the trade + the trade's commission

 

Thanks, so they consider all GLOBEX session as a daytrade now (used to be different a few years ago if I remember right). That's good news.

 

i thought there were no day trade margin minimum just position size maximums.