Cross Margin

Discussion in 'Options' started by nitro, Dec 19, 2011.

  1. rmorse

    rmorse Sponsor

    No. FX is not a security, it's a cash swap of currencies. In the US you can get around 50-1 at some banks. Over seas in the UK I've heard of traders get up to 200 to 1. Crazy. Futures on FX and options on the futures are futures products.

    I don't do much FX right now. We concentrate on equites/options and futures and options on futures.
     
    #21     Dec 29, 2011
  2. Options12

    Options12 Guest

    By the way, a statement on the OneChicago site confirms that SSF's are not eligible for portfolio margining.

    "Portfolio-based margining (e.g. SPAN margining) is not yet permitted for customer positions in security futures. Firms will nonetheless continue to receive SPAN files that reflect the appropriate minimum margin requirements."

    http://www.onechicago.com/?page_id=119
     
    #22     Dec 29, 2011