ES/NQ margins have tripled recently, but CL margins remain about the same as last week. This, according to the IB Website link. https://www1.interactivebrokers.com...ex=us&rgt=0&rsk=1&pm=0&rst=101004100808080101 WTF ? Am I missing something here ?
FYI-These are the CME requirements attached. The rates will be effective after the close of business on Tuesday, March 10, 2020.
strange, YM Margin is shown in tws as <3000 initial overnight, while es is 8000 and nq almost 13k... something is wrong here... risk on all three of them is more or less the same.
See the link....we are talking INTRADAY margin requirements here. Maybe the margin wlll change tonight. So then the question is why are the larger CL margins "so late" to the game ? I mean CL has tanked a record amount.....current margins should be thru the roof !
Margin in CL is about 20% of notional which is twice SIF margin, which are now around 10% of notional. Notional value of one CL contract went from 40K to 30K. So even if margin stays the same in absolute dollar terms, it has actually gone up by 25% as a percentage of notional
Better than trading solely on Topstep Trader. They have completely shut down trading for funded accounts during this vol. Now we wait and twiddle our thumbs until they open - sucks balls.
I thought Top Step 100% backs each account with their money, so there are no "clients", only employees. They are Sponsors here so maybe they will jump in.