which firms increased margin rates last week?

Discussion in 'Index Futures' started by mgarc, Oct 13, 2008.

  1. Shraga18

    Shraga18

    OEC also just raised the margins, by a LOT! While I understand there's higher volatility, raising required margin by almost 600% seems somewhat excessive...
     
    #11     Oct 29, 2008
  2. Their notice said it was temporary. They've always been good about not adjusting, so this recent volatility must have required a temp adjustment.
     
    #12     Oct 29, 2008
  3. AdvantageFutures kept the exchange minimums.
     
    #13     Oct 29, 2008
  4. Shraga18

    Shraga18

    I agree the adjustment was a good idea. I was just surprised they raised it THAT MUCH. I mean double, or even triple I'd understand. But going from $500 to $2,800...?
     
    #14     Oct 30, 2008
  5. Adjust your "strategy" now.
    IMO, intraday margin is on it's last legs. Exchange margins are only going one-way. 3 substantive increases so far in Q4-08 (1-month)! And with the government calling for OTC clearing, and the CME vying for billions worth of clearing fees, rest assured the CME will do what the establishment wants... raising margins is the tip of the changes for the futures industry and us/U.S. traders. The game is in flux, amid the un-official transition.

    I'll even go so far as to say that within 2 years OX (parent of OEC) will be purchased and/or merged with one of the new financial-grid players. Default on a credit card and your futures or options account can/will be raided. Start reading the fine print of all things financial; It's happening already.

    Good trading to all.
    Osorico
     
    #15     Oct 30, 2008
  6. I am with OEC too, and they went to half the exchanges margin on the 28th. For professional traders who do not lose their shirt this is bull!

     
    #16     Oct 30, 2008
  7. xednise

    xednise

  8. xednise

    xednise

    You might want to look at their reporting and make sure nothing has gone bad.
     
    #18     Oct 30, 2008