TOS raised margin on YM ugh

Discussion in 'Retail Brokers' started by kxvid, Nov 17, 2008.

  1. kxvid


    To 6,876 per YM contract or 1,375 points! That is for accounts under 15k if you have more its 50% of that.
  2. 2ticks


    6875 is the CME margin requirement.
    YM now has higher CME margin than ES. Sucks.
  3. nkhoi

    nkhoi Moderator

    They are trying to get rid of YM newbie traders for sure.
  4. Yes, but why?
  5. nkhoi

    nkhoi Moderator

    too many blow-ups
  6. 2ticks


    Perhaps it is part of some "deal" to minimize volatility. Clearing of OTC derivatives is right around the corner and CME is not a hands-down winner for the business. Not a conspiracist, but it seems like a viable one-hand-washes-the-other kind of "deal" with the Treasury henchmen.
  7. I thinks is because 98% of traders are incompetent. Why should they eat your loss?
  8. jtnet


    same with IB

    cheaper to trade ES.

    NQ is 4k which is pretty good.

    IB normally has 50% off margin for intraday but thats suspended
  9. It's due to the higher market volatility mixed with many small trader blow ups. Once volatility drops, sometime next summer, we should see margin requirements go back down.
  10. ib sucks:)
    #10     Nov 17, 2008