Interactive Brokers raise GO too
Interactive Brokers Bulletin Board
To NYMEX,NYSELIFFE traders:
Tue May 3 04:38:47 2011 EAST
In light of the recent extreme volatility on the silver contracts, the
various exchanges that trade silver derivatives are expected to increase
margin requirements on these contracts. As the increase is anticipated
to be approximately 20%, we will be requiring an additional 25% cushion
of margin on top of the exchange-mandated maintenance margin
requirement. We anticipate this change will become effective as early as
12pm EST on 3 May 11.
For example, for the SI futures on NYMEX, as the expected NYMEX-mandated
margin requirement will be US$12,000 for each contract, we will be
requiring US$15,000 maintenance margin for each contract.
To anticipate the sudden increase in these margin requirements, our
initial margin requirements on the affected contracts were raised to
180% of current maintenance margin levels. The aim of this preemptive
change is to avoid adverse impact from the expected maintenance margin
increase. Thank you for your understanding.
