Margin for ES/NQ spread trade?

[swag]

Just wondering what is the performance bond margin for an ES/NQ spread trade? Tried finding it on the CME website's performance bond list, I couldn't find one for E-mini S&P and E-mini Nasdaq?

Also, what's the ratio, 2 ES x 3 NQ?

 

[ExchangeBonds]

You get a 85% credit for your margin, and CME uses the ratio of 2 NQ for 1 ES. I got my information from http://www.cmegroup.com/clearing/margins/inters.html#e=CME&a=EQUITY+INDEX&p=SP

 

[swag]

Thanks ExchangeBonds!

 

[FutureMann]

Quote from ExchangeBonds:

You get a 85% credit for your margin, and CME uses the ratio of 2 NQ for 1 ES. I got my information from http://www.cmegroup.com/clearing/margins/inters.html#e=CME&a=EQUITY+INDEX&p=SP

What about 3 NQ for 2 ES?

 

[NasiWarrior]

Yeah, I would like to know this too: You get a credit for an "odd" spread ?

 

[atticus]

Quote from NasiWarrior:

Yeah, I would like to know this too: You get a credit for an "odd" spread ?

Yeah, provided there in the ratios as outlined on the CME page.

 

[oldtime]

1 es is about 70k

1 nq is about 50k

so at 1:1 you are net long or short es

not sure what the closest size would be to get dollar neutral

3 es to 4 nq would get you pretty close

it changes over time

 

[jtrader99]

at a prop shop I clerked at a ways back they did spu/nas in 1x2
you get a partial credit though for any combination

 

[NasiWarrior]

So the correct ratio is 1ES:2NQ.

Maybe 2ES:3NQ works out as 1ES:2NQ with credit - and 1xES / 1xNQ remainder at normal margin.