Quote from lsudaytrade:
if its an exchange minimum, then why are other brokers significantly less than those amounts listed?
if its the minimum required by CME, then ES should also be $6188 by all brokers?
i've only been trying out ES & YM since ER2 is out.
TECHNICALLY, exchange minimum initial and maintenance margins apply to open positions only after the day-session has closed. Therefore, INTRADAY margins are able to set by individual brokerages, clearing firms, and/or customer negotiations, since there are no applicable open positions after the day-session close.
Regardless of margin however, CME (and other exchanges) implement real-time Mark-to-Market of open positions multiple times through out the trading day, in addition to risk management and valuations imposed by individual brokerages or clearing firms.
Osorico