The minimum charged by the exchange for 1 Nasdaq 100 mini futures contract is $15,500. Interactive brokers charge nearly double that to hold 1 contract in the overnight session $27,993 to initiate the order and $25,448 to maintain it.
I remember during the 2008 crisis they would bump this contract up to $7000.00 due to volatility, then back down to $4000.00 when things calmed down. IB has a lot of exposure offering so many products in various countries has to be the reason for such outlandish margin requirements.
I remember during the 2008 crisis they would bump this contract up to $7000.00 due to volatility, then back down to $4000.00 when things calmed down. IB has a lot of exposure offering so many products in various countries has to be the reason for such outlandish margin requirements.