CME Cuts Margin Requirements On Crude Oil Futures
August 25 2011 - 6:06PM
Dow Jones News
CME Group Inc. (CME) cut the collateral that traders must put up
to trade its crude-oil futures contract Thursday, according to a
memo circulated to traders.
The exchange operator cut the margin requirements because of a
recent decline in volatility, a CME spokesman said.
Speculators must now put up an initial margin of $8,100 to trade
a contract for light, sweet crude-oil on the New York Mercantile
Exchange, down from $8,438. To keep the contract open overnight,
traders must maintain $6000 of that initial margin, down from
$6,250.
CME, which owns the Nymex, also cut both the initial and
maintenance margin requirements for hedgers and exchange members to
$6,000 from $6,250.
-By Dan Strumpf, Dow Jones Newswires; 212-416-2818;
dan.strumpf@dowjones.com.
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