CME Lowers Margin Requirements For Crude Oil, Metals Futures
February 09 2012 - 5:44PM
Dow Jones News
CME Group Inc. (CME) will cut the collateral that traders must
put up to trade its benchmark crude-oil, gold and other futures,
the company said in an email after trading closed Thursday.
The exchange operator will cut the costs to trade its light,
sweet crude-oil contract on the New York Mercantile Exchange.
Trading costs are also set to decline for benchmark gold, silver
and copper futures.
The new rates will be effective after the close of business
Monday, the statement said.
Exchanges require market participants to post margin to cover
potential losses in future trading sessions, and to avoid a default
by a trader. CME executives have said margin decreases typically
take place when markets become less volatile.
-By Matt Day, Dow Jones Newswires; 212-416-4986;
matt.day@dowjones.com
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