BOOO! Effective 10/31/08, or more technically, after the close of business on 10/30/08 http://www.cme.com/clearing/rmspan/pbadv/files/Chadv08-299.pdf Highlights... ES = 6188 NQ = 4000 YM = 5625
Bullshit.... I don't trade on Margin, so its all cash! MOFO's are pissing me off. And you know the size i trade, it makes a big difference!
YM goes from $4376 to $5625, a 28.5% increase. No more trying to attract traders to the YM by offering a lower percentage margin than the ES.
You missed the point of my post. CME/CBOT has always kept the margin for YM as a percentage of the contract value significantly (about 20%) below that of the ES margin. Now the 2 margins as a percentage of the contract value are almost equal. ES from $5625 to $6188 YM from $4376 to $5625
CME uses a set formula to determin margins. Its not the value of the contract but its based on the maximum losses that can be incurred. All rolls into SPAN margining system. Understand the volatility has set new records. a few 100 point swing days has increased max risk. One benefit trading CME futures is we don't worry much about counter-party risk.