CME Lowers Margin for Gold Futures
On Thursday, May 24, the Chicago Mercantile Exchange Inc., Clearing House Risk Management announced lower initial bond and maintenance (margin) requirements for 100-ounce gold futures contracts (GC).
Initial bond requirements decline 10% for Spec traders from $10,125 to $9,113 per 100-ounce contract. Initial bond rates for Hedge traders drop 10% from $7,500 to $6,750 per contract.
Maintenance (margin) requirements for both Spec and Hedger members dip 10% from $7,500 to $6,750 per contract.
Similar margin reductions were announced for the COMEX “MINY Gold Futures” (QO) and 10-ounce contracts (MGC).
The new rates will be effective after the close of business on Tuesday, May 29, 2012.
May 24, 2012 (Source: CME Group)