CME Increases Gold Margin Requirements By 27%
August 24 2011 - 6:05PM
Dow Jones News
The CME Group Inc. (CMR), the parent company of the main metals
and energy exchanges in the U.S., on Wednesday announced an
increase in margin requirements to trade gold. The money needed to
trade gold contracts increased 27%. Initial margin requirements
rose to $9,450 from $7,425 per 100-ounce contract; maintenance
margin requirements rose to $7,000 from $5,500, both effective as
of the close of trading Thursday. The CME had increased margins for
gold two weeks ago.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
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