Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I found this for crude oil:
NYM CRUDE OIL CRUDE OIL FUTURE NYMEX CL 12/2016 02/2017 3,200 USD 0.1
NYM CRUDE OIL CRUDE OIL FUTURE NYMEX CL 03/2017 03/2017 3,200 USD 0.06
What does that last column mean? I can select maintenance, volume or scan.
Also, the start and end period is by month. Is there a more specific date and time that the contract period ends and the next one starts?
Thanks.
Can you help answer these questions from other members on NexusFi?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192
I believe that it stands for Maintenance Volatility Scan and that it's how much they move volatility in SPAN margining when shock testing portfolios. If your not trading options, you can ignore this.
Those are contracts. So the first line applies to Dec16, Jan17 & Feb17 futures. The second line applies to Mar17 futures. The further out you go the less volatile prices are and hence the lower the margin requirement is. As those contracts approach expiry though, the margin requirements go up.