I trade only the Franc in both of two separate accounts, both of them are smaller sized accounts. I trade long in one account and short in the other account. I do this so I can be long and short at the same time if necessary.
My trading technique requires me to hold positions overnight.
Overnight margin on the Franc is about $2,400 per contract. At that rate I can only afford to trade a couple contracts in each account.
My question is does anyone know of any brokerage or have any ideas or methods that would allow me to reduce my margin to the number of contracts that I am either net long or net short between the two accounts?
So, for example if I am short 5 contracts in one account and long six contracts in the other account, is there a way to pay overnight margin on just the one net long contract? Afterall, that is my actual net risk.
I have heard that SPAN does something similar to this but only within one account (not between two or more accounts) and only on accounts that are worth over 100k.