Are ES Futures Options also settled daily?

[Robert Morse]

Let's start again, because this is not helpful. You need to understand both requirements, especially for those that use a lot of margin. That way you will understand what causes a margin call. You must be able to have enough equity to cover the INITIAL MARGIN REQUIREMENT at trade. Then, if you lose money, and your account drops below the MAINTENANCE MARGIN REQUIREMENT, you will have a margin call. It is that simple.

I said and then in that post, not just and.

 

[Overnight]

Let's start again, because this is not helpful. You need to understand both requirements, especially for those that use a lot of margin. That way you will understand what causes a margin call. You must be able to have enough equity to cover the INITIAL MARGIN REQUIREMENT at trade. Then, if you lose money, and your account drops below the MAINTENANCE MARGIN REQUIREMENT, you will have a margin call. It is that simple.

I said and then in that post, not just and.

If a retail client of your firm had $10,000 cash in their trading account, and nothing else to hedge with, just plain old cash, would you allow them to enter a position of 3 GC contracts?

 

[Robert Morse]

If a retail client of your firm had $10,000 cash in their trading account, and nothing else to hedge with, just plain old cash, would you allow them to enter a position of 3 GC contracts?

No, because our minimum account size is $25,000. With an account of $25K or more, you can trade up to 4 GC overnight and 16 for day-trading on either Realtick or CQG. They are SPAN margin based so we can set that. Risk would have to approve the excess leverage based on your experiance.

 

[Overnight]

...You need $5940/contract in your account to buy/sell each future.

...With an account of $25K or more, you can trade up to 4 GC overnight and 16 for day-trading on either Realtick or CQG.

If you need $5,940/contract on GC to buy/sell each future, wouldn't that mean you would need $95,040 in the account for 16 contracts day-trading?

$25K would not seem to cut it.

 

[Robert Morse]

We can allow up to 4 contracts for each $5,940 in your account. Day-trading only.

Would you like me to call you to explain it?

Bob

 

[Deuteronomy_24_7]

We introduce to Wedbush Futures.

Wedbush Securities Inc. and Lime Brokerage LLC Announce Clearing & Execution Partnership with CQG, Inc.

 

[Robert Morse]

It looks like a Lime product that offers futures routing without using a futures platform for Lime clients. We don't use Lime Brokerage for routing. We use our own platform and routes through our relationships.