TOS raised margin on YM ugh

[kxvid]

To 6,876 per YM contract or 1,375 points! That is for accounts under 15k if you have more its 50% of that.

 

[2ticks]

6875 is the CME margin requirement.
YM now has higher CME margin than ES. Sucks.

 

[nkhoi]

They are trying to get rid of YM newbie traders for sure.

 

[illinimatt81]

Quote from nkhoi:

They are trying to get rid of YM newbie traders for sure.

Yes, but why?

 

[nkhoi]

Quote from illinimatt81:

Yes, but why?

too many blow-ups

 

[2ticks]

Perhaps it is part of some "deal" to minimize volatility. Clearing of OTC derivatives is right around the corner and CME is not a hands-down winner for the business. Not a conspiracist, but it seems like a viable one-hand-washes-the-other kind of "deal" with the Treasury henchmen.

 

[stock777]

I thinks is because 98% of traders are incompetent. Why should they eat your loss?

 

[jtnet]

same with IB

cheaper to trade ES.

NQ is 4k which is pretty good.

IB normally has 50% off margin for intraday but thats suspended

 

[RiceRocket]

It's due to the higher market volatility mixed with many small trader blow ups. Once volatility drops, sometime next summer, we should see margin requirements go back down.

 

[BlueStreek]

ib sucks