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