ICE initial margin requirements
The New York Mercantile Exchange boosted the margin requirement on its oil futures for the first time since March 2009 and the IntercontinentalExchange Inc. raised its rates for the second day in a row as crude traded above $100 a barrel.
Margins for speculators on the Nymex will increase to $6, 075 per contract from $5, 063 after the close of trading tomorrow, according to a notice on the website of the CME Group, Nymex’s parent. For hedgers, the rate will rise to $4, 500 from $3, 750. The latest change on ICE will boost the Brent margin to $5, 200 from $4, 850. The cost has jumped 14 percent this week.
“If you have the margin raised, that takes capital out of your position, ” said Carl Larry, president of Oil Outlooks & Opinions LLC in Houston. “You have to reduce your position to balance your margin account.”
The last time Nymex changed its margin requirement was April 23, when it cut rates, according to Chris Grams, a CME spokesman.
“We regularly review market volatility and make margin adjustments as necessary, ” Grams said in an interview.
ICE raised its margin requirement for trades beginning today in a statement Feb. 22. The additional increase announced today will go into effect for margin calls made tomorrow. The changes affect both ICE Futures Europe oil contracts and over- the-counter trades, according to a message on the company’s website. It also announced margin adjustments for gasoil.
Oil for April delivery fell 82 cents, or 0.8 percent, to settle at $97.28 a barrel on the Nymex. The contract touched $103.41, the highest intraday price since Sept. 29, 2008. Futures are up 22 percent from a year ago.
Brent oil for April settlement rose 11 cents to $111.36 a barrel on the ICE Futures Europe exchange, the highest close since Aug. 29, 2008. Futures touched $119.79 a barrel in intraday trading, the highest level since Aug. 22, 2008.
STANDING CRUCIFIX- BLACK STANDING ST. BENEDICT CRUCIFIX, BOXED.
Single Detail Page Misc (MV001)
Futures Trading Strategy — Inside Futures
Overpriced and over-complex futures contract trading strategies that include complex formulas and multiple lagging indexes are generally not conducive to successful futures trading.
St. Benedict Door Medal Silver Plated Enamel Red & Blue 4"
25 St. Benedict Medals
Art and Craft Supply (FindingKing)
Key Chain with Silver EP Buddha, St. Bendictus, Made with Love and Garnet Charms
Jewelry (Gogh Jewelry Design)
3 St. Benedict Cross Silver Plated w/Black Enamel Car Visor Clips 3"
Initial margin list for nse future?
nse website does not showing margin payable on future contracts information. log on to
& then select "Futures initial margins" from "Traders corner" menu. you will get there all.