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I couldn't say, but you would expect most firms to tighten up, especially the ones that have low intraday margins. Whether they tighten or not, it's probably a very bad idea to be trading at all in the futures markets right now.
The firms are wanting you to have more margin because they will be stuck with your trades, and your losses, if you don't have the margin to cover the loss. And they know full well that many under-capitalized (as well as well-capitalized and even over-capitalized) accounts will be belly up from what is happening now.
This will pass, but right now it's not all that safe. Sitting and watching is a much better idea.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Ninjatrader is back to regular margins. I think the Market Profile looks very funny. Sadly it doesn't show the immediately -7% limit down on the cash open.
You will find that most FCMs (including us) are/have been operating with higher margins this week. However, we're back to regular day trade margins today.
Mike Murphy - Director of Trading
Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
