CME Cuts Margin Requirements On Natural-Gas Futures
January 13 2012 - 5:04PM
Dow Jones News
CME Group Inc. (CME) cut the amount of collateral traders must
put up to trade its main natural-gas contract Friday, as prices
continue to slide to multi-year lows.
Speculators now must put up an initial margin of $2,835 to trade
a contract for natural-gas futures on the New York Mercantile
Exchange, down from $3,375. To keep the contract open, traders must
put up $2,100, down from $2,500.
For hedgers and exchange members, the initial margin was reduced
to $2,100 from $2,500, as was the maintenance margin.
Exchange operators often adjust margin requirements in response
to volatility levels.
Natural gas for February delivery settled down 2.7 cents, or 1%,
to $2.670 per million British thermal units Friday, their lowest
finish since September 2009.
-By Dan Strumpf, Dow Jones Newswires; 212-416-2818;
dan.strumpf@dowjones.com
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