You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
IB will eliminate intraday margin reductions. Commencing at 12:00 EST today
- Thread starter Tums
- Start date
Quote from gnome:
Actually, they can. There are "exchange minimum margins"... anything less (intraday) is at the broker's discretion. And, the broker may require higher margins than "exchange minimum.
Exactly....and I approve too by the way. Anyone who is trading on the edge with intraday margins needs to have their head examined.
OldTrader
Quote from aeliodon:
I bet it was the $10 move in CL in just minutes that caused this change - that move probably blew out many accounts at IB.
But if that was the case then eliminate intraday margins on CL instead of on all futures.
Range in the ES today is almost 30 points, that's $1500.
I wonder how many accounts at the brokers that have $500 margins for index futures got blown out today?
Quote from aeliodon:
This maybe true - but how about some fucking clarity about their margin policy. They just can't eliminate intraday margins whenever they feel like it.
How about having a clear policy such as:
VIX = 10-20 = Intraday Margin
VIX = 20-30 = 50% increase in Intraday Margin
VIX = 30+ = No Intraday Margin
They did post a change formula a few months back. I can't find it now, I think it is based on DJ daily change %.