IB will eliminate intraday margin reductions. Commencing at 12:00 EST today

Discussion in 'Interactive Brokers' started by Tums, Jul 15, 2008.

  1. gnome

    gnome

    Actually, they can. There are "exchange minimum margins"... anything less (intraday) is at the broker's discretion. And, the broker may require higher margins than "exchange minimum".
     
    #11     Jul 15, 2008
  2. Exactly....and I approve too by the way. Anyone who is trading on the edge with intraday margins needs to have their head examined.

    OldTrader
     
    #12     Jul 15, 2008
  3. Range in the ES today is almost 30 points, that's $1500.

    I wonder how many accounts at the brokers that have $500 margins for index futures got blown out today?
     
    #13     Jul 15, 2008
  4. me1969

    me1969

    This is a prudent decision made by IB. And we will see how volatility play out in the next weeks.
    IB is no small dealer. They are big, growing, prudent and a money making machine via market making mainly in options and futures.
     
    #14     Jul 15, 2008
  5. KS96

    KS96

    = short squeeze

    overleveraged shorts are covering ;-)
     
    #15     Jul 15, 2008
  6. Tums

    Tums


    They did post a change formula a few months back. I can't find it now, I think it is based on DJ daily change %.
     
    #16     Jul 15, 2008
  7. So we will need $4500 for each ES contract traded? That's ridiculous, market is no more volatile than it has been for the last 12 months.. Thanks a fucking lot IB.
     
    #17     Jul 15, 2008
  8. gnome

    gnome

    Likely temporary.
     
    #18     Jul 15, 2008
  9. I really hope so, this will mess up all my trading goals and budget for the year.
     
    #19     Jul 15, 2008
  10. As of this AM, the Vix was double what it was in May. Open your eyes up.

    OldTrader
     
    #20     Jul 15, 2008