Just a heads up to look at your exposure. IB are obviously concerned that risks are higher again - fasten your seatbelts. IMPORTANT NOTICE regarding Intraday Margin In light of the market volatility and the continuing turmoil in financial services stocks, IB will eliminate intraday margin reductions. Commencing at 10:30 P.M. EST today, contracts which utilize value-at-risk margin models such as SPAN, Eurex, or TIMS in the commodity sub-account. Traders may consult the account window in the Trader Work Station to see what the overnight margin will be. We expect that intraday margin reductions will remain suspended for subsequent trading sessions and we will make further announcements as market conditions develop. Regardless of the likelihood of large, rapid changes in market conditions, we recommend that traders examine their portfolios to consider their exposure under extreme-move scenarios. Interactive Brokers Risk Management
They ought to double the margin. Here's hoping they have a nice clean hedges into this bedlam. Wheres that limp wristed Bernake in all this?
Seems there's no intraday margin at IB for YM either, so I guess that goes for ES and NQ as well? IB's bulletin message is not very clear... "IB has eliminated intraday margin reductions for contacts which utilize value-at-risk margin models such as SPAN, Eurex, or TIMS..." Shouldn't it say Globex as well then??
This message makes more sense... From: http://individuals.interactivebrokers.com/en/trading/marginRequirements/margin.php?p=f&ib_entity=llc Due to the exceptional volatility of the financial markets we are temporarily suspending reduced intraday margin.
I was just opening an account to give these guys a try as an additional broker and you are telling me there is no day margins? For things such as ES ER YM? You have to be joking me right?