Market Resiliency During Times of Extreme Volatility

Due to volatility in the market, please see the below margin requirements:

• Micro Indices

Micro contracts	1 to 20 contracts	21 to 30 contracts	31 to 40 contracts	100% – over 40 contracts
Micro S&P (MES)	$100.00	$250.00	$500.00	$1,320.00
Micro Nasdaq (MNQ)	$125.00	$300.00	$600.00	$1,650.00
Micro Dow (MYM)	$100.00	$250.00	$500.00	$1,320.00
Micro Russell (M2K)	$100.00	$250.00	$500.00	$781.00

 

• E-mini Indices

Emini contracts	1 to 5 contracts	6 to 10 contracts	11 to 15 contracts	100% – over 15 contracts
Emini S&P (ES)	$1,000.00	$2,500.00	$5,000.00	$13,200.00
Emini Nasdaq (NQ)	$1,250.00	$3,000.00	$6,000.00	$16,500.00
Emini Dow (YM)	$1,000.00	$2,500.00	$5,000.00	$13,200.00
Emini Russell (RTY)	$1,000.00	$2,500.00	$5,000.00	$7,810.00

 

• Treasuries – 30yr Bond, 2yr-5yr-10yr Notes, Eurodollar
  • 50% initial margin up to 20 contracts.
  • Any customer with 20+ Treasuries, all contracts will be margined at 100%
• Currencies – British Pound (6B), Japanese Yen (6J), Euro Currency (6E)
  • 50% initial margin up to 20 contracts.
  • Any customer with 20+ currencies, all contracts will be margined at 100%
• Metals – Gold and Silver – 50% initial margin up to 20 contracts.
  • Any customer with 20+ all contracts will be margined at 100%
• Grains – Corn, Soybean, Wheat, Soybean Meal, Soybean Oil
  • 50% initial margin up to 20 contracts.
  • Any customer with 20+ grains, all contracts will be margined at 100%
• FTSE 100
  • 50% initial margin up to 20 contracts.
  • Any customer with 20+ FTSE 100, all contracts will be margined at 100%
• DAX
  • 50% initial margin up to 5 contracts.
  • Any customer with 5+ DAX, all contracts will be margined at 100%
• Mini-DAX
  • 50% initial margin up to 20 contracts.
  • Any customer with 20+ Mini-DAX, all contracts will be margined at 100%
• Energy markets (Crude, Heating Oil, and RBOB) will be at 200% Initial Margin.
  • Effective with Sunday night’s open 4/26/2020, front month Crude Oil Futures and Options contracts will be set to liquidation only.
• Mini Energy markets (Crude, Heating Oil, RBOB) will be at 200% Initial Margin.
  • Effective with Sunday night’s open 4/26/2020, front month Crude Oil Futures and Options contracts will be set to liquidation only.
• All other markets will be at 100% Exchange Initial Margin.
• At the 4pm CT close, all margins will be at the 100% level, except Energies at 200%.

Please be aware that your account must be at full required margin at the 4pm close or your account may be liquidated.

As always, manage your risk! Contact your broker immediately should you have concerns regarding your account.

 

Important information from CME Group:

Read about Limit Up-Limit Down: CME Group Price Limits

• A price limit is the maximum price range permitted for a futures contract in each trading session. When markets hit the price limit, different actions occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded, remain in a limit condition or stop trading for the day, based on regulatory rules.
• U.S.-Based Equity Index Futures Price Limits: Frequently Asked Questions

Floor traded products: CME Group to Close Chicago Trading Floor as a Precaution

• All products will continue to trade on CME Globex as they do today.

Protection Functionality for Market and Stop Orders

• Protection Point for each Individual product can be found in the CME Globex Product Reference Sheet, Row W

 

Equity-related futures products will be impacted by NYSE events

Read about Circuit Breaker and Limit Up-Limit Down rules at the New York Stock Exchange (NYSE): U.S. Equity Market Resiliency During Times of Extreme Volatility