NFA Increase in required minimum security deposit for forex transactions 1/21/15 | Currency Futures


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NFA Increase in required minimum security deposit for forex transactions 1/21/15

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Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
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Posts: 1,272 since Aug 2009
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et tu CME


Dear Client,

With the ECB Bank Rate Decision on Thursday (6:45AM CST), and the below circuit breaker announcement by the CME Group, currency margins for the Euro Currency & British Pound will be increased Wednesday Jan. 21, 2015 effective 5pm Central time and remain until Thursday Jan. 22, 2015 when market conditions will be re-evaluated.

Here is the temporary day trading margin requirements:

6E: $3000 per contract
E7: $1500 per contract
M6E: $300 per contract

6B: $1500 per contract
M6B: $150 per contract

We will send out notice once the normal daytrade margins are back in effect.



In anticipation of increased market volatility, CME Group will be temporarily removing the 1st level of circuit breakers for certain Foreign Exchange futures products beginning with the opening at 17:00 CT on Wednesday, January 21, 2015 (for trade date, January 22), and continuing through the close at 16:00 CT for trade date Monday, January 26, 2015.

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