CME MARGIN INCREASE AGAIN !!CME Group Hiking Silver-Futures Margins By Another 11.6%
02 May 2011, 04:35 p.m.
By Kitco News
https://www.kitco.com/
(Kitco News) -CME Group is hiking silvermargins by another 11.6% after already hiking them twice last week, theexchange announced Monday afternoon.
The “initial” margin to open new speculative positions in themain 5,000-ounce silver-futures contract will rise to $16,200 from$14,513, according to a notice released by the exchange. The“maintenance” margin for exiting speculative positions, as well as bothinitial and maintenance margins for hedger positions, will rise to$12,000 from $10,750.
The changes will be effective after the close of business onTuesday. Margins are also rising for Comex MiNY silver futures andE-mini silver futures.
The notice from CME Group, which operates the Comex division ofthe New York Mercantile Exchange, said the change is a part of the“normal review of market volatility to ensure adequate collateralcoverage.”
The complete notice from CME Group can be seen at this link: