Margin call process
posted on
Nov 05, 2011 09:45PM
Dear CIGAs,
I have some commentary up about something I have never before seen in my entire trading career. The CME Group has announced that effective as of the close of business FRIDAY, maintenance margin levels for ALL CME PRODUCTS is being raised to a 1:1 ratio. In other words, all commodity futures trading accounts that fall below the initial margin requirements for positions held actively in their account are subject to an immediate call.
Talk about a huge increase for most traders. I elaborate on the details on my site. Get ready for one helluva mess Sunday and Monday…
Trader Dan
Click here to read the full article on TraderDan’s blog…