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NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)

  #649 (permalink)

Administrator: Retired Backtester
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nathanologist View Post
Ninjatrader brokerage is increasing intraday margins by 3x on all products.

Excerpt of client email: "Due to the risk presented by significant market swings, intraday margins for all products will be increased 3X following the US trading session* on Tuesday, June 21st. Margins will return to normal levels once the potential for drastic market moves has subsided following the Brexit vote."

In the same email to clients they quote the CME making this statement: "Please be advised that the CME Global Command Center (GCC) will be continuously and actively monitoring for market impacts related to the upcoming Brexit vote in the UK, and will take any action it deems necessary, in its sole discretion, to preserve market integrity in accordance with Rule 579. These actions may include modifying parameters in several functionalities, including price bands, Velocity Logic, Messaging Efficiency Program, and special price fluctuation limits ahead of the pending vote."

Interactive Brokers did something similar, I assume every broker is doing the same thing.

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