Friday, May 16, 2014

CME Lowers Gold and Silver Margin Requirements

CME GROUP LOGO W TAGA notice sent out to traders by the CME Group May 15, 2014, announced new, lower maintenance and margin rates for gold and silver futures effective at the close of business Friday, May 16.  

For Spec traders in the 100-ounce gold contract (GC) the initial performance bond requirement declines $650 or 9% from $7,150 to $6,600 per contract. Maintenance (margin) requirements will fall $500 (7.7%) from $6,500 to $6,000 per contract.

 

For Hedge members both the initial bond requirement and Maintenance rates will also fall $500 from $6,500  to $6,000 per GC gold contract. (more...)

Silver

For Spec traders in the 5,000-ounce silver contract (SI) the initial performance bond requirement will fall $825 or 8.3% from $9,900 to $9,075 per contract. Spec Maintenance (margin) requirements will  decline $750 (also 8.3%) from $9,000 to $8,250 per contract.

For Hedge Members in the big silver contract, both the initial bond and margin rates will fall $750 from $9,000 to $8,250 per contract.

Other margin changes in some metals contracts were reported in the notice, linked below, including the MINY Gold contract, the E-MINI Silver and the Gold Volatillity Index Futures. 

Source: CME Group

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-192.pdf

 


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