confused about e-mini margin requirements

I was calling a few firms yesterday and ran across one that said their margin for day trading NASDAQ minis was $700.00. 3 different people at the firm confirmed this. How could this be so? I thought the Minimum Margin was set by the CME and or the NFA.

 

right, the firm has to meet minimum margin, but they can cover the traders.

 

What I want to know about margin is, what is "Current Initital"?

 

New daytrading margin requirements:

E-Mini SP 500
New Day Trading margin is: $500*
New overnight margin is: ? $3563

E-Mini NASDAQ
New Day Trading margin is: $500*
New overnight margin is: ? $2250

E-Mini Dow Jones ($5)
New Day Trading margin is: $675*
New overnight margin is: ? $2700

 

where do u get those rates? IB is still $1125 for an NQ contract.

 

RCG, IB is not the cheapest as far as margin concern in case you didn't know.

 

Which firm is it?