RE: RE: Another margin increaseHere it is from kitco !!
CME Group Raises Performance Bonds For Comex Silver Futures
25 April 2010, 4:01 p.m.
Kitco News
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link to www.kitco.com]
(KitcoNews) - Margins needed to trade Comex silver futures are beingincreased by the CME Group and will take effect after the close ofbusiness on Tuesday, the exchange said Monday in a press release.
Themove by the CME Group to raise the margin needed to trade – also knownas performance bonds – silver futures on the Comex division of the NewYork Mercantile Exchange likely won’t come as a surprise given the heavyvolume and more than $4 an ounce price swing in the metal on Monday.Futures traders had talked about the possibility this would occurbecause of Monday’s volatility. The CME Group is the parent company forthe Comex and Nymex.
The changes are as follows:
Comex 5000 ounce silver futures and Comex Silver Trade At Settle
Trader Type Current Initial Margin Current Maintenance New Initial New Maintenance
Speculator $11,745 $8,700 $12,825 $9,500
Hedger/Member $8,700 $8,700 $9,500 $9,500
Comex MiNY Silver Futures
Trader Type Current Initial Margin Current Maintenance New Initial New Maintenance
Speculator $5,873 $4,350 $6,413 $4,750
Hedger/Member $4,350 $4,350 $4,750 $4,750
E-Mini Silver Futures
Trader Type Current Initial Margin Current Maintenance New Initial New Maintenance
Speculator $2,349 $1,740 $2,565 $1,900
Hedger/Member $1,740 $1,740 $1,900 $1,900
By Debbie Carlson of Kitco News dcarlson@kitco.co