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Commodity Margin
What is Margin, how does it work?
An Initial margin is NOT a cost, it is however the deposit required to maintain either a short or long position in a futures contract. Maintenance margin is the amount of initial margin that must be maintained for that position before a margin call is generated. Note that the maintenance margin level is NOT in addition to the initial margin.
Example; assume that the initial margin required to buy or sell a particular commodity contract is $1,000 and the maintenance margin requirement is $750. Should losses on open positions reduce the funds in your trading account $700, you would receive a margin call for the $300 needed to restore your account back to the initial $1,000. If there were not excess funds in the account in order to bring the initial amount back up to $1,000, that position would create a margin call, a situation in which the account would need to be either immediately met with additional funds or the position liquidated to cover the margin call.
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Initial & Maintenance Margin
| COMMODITY |
INITIAL MARGIN |
MAINT. MARGIN |
SPREAD MARGIN |
PERCENT MAINT. |
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Currencies / Currency |
Swiss Franc |
$ 2,160 |
$ 1,600 |
$ 400 |
74 % |
Japanese Yen |
$ 2,700 |
$ 2,000 |
$ 600 |
74 % |
British Pound |
$ 1,755 |
$ 1,300 |
$ 300 |
74 % |
Canadian Dollar |
$ 1,080 |
$ 800 |
$ 200 |
74 % |
Australian Dollar |
$ 1,148 |
$ 850 |
$ 250 |
74 % |
Euro Currency |
$ 2,835 |
$ 2,100 |
$ 400 |
74 % |
Mexican Peso |
$ 1,875 |
$ 1,500 |
$ 625 |
80 % |
Brazilian Real |
$ 3,500 |
$ 2,500 |
$ 1,260 |
71 % |
US Dollar Index |
$ 1,463 |
$ 1,100 |
$ 399 |
75 % |
|
Interest Rates / Financial's |
Eurodollar |
$ 945 |
$ 700 |
- |
74 % |
Treasury Bills |
$ 405 |
$ 300 |
$ 150 |
74 % |
Treasury Bonds |
$ 1,350 |
$ 1,000 |
$ 300 |
74 % |
|
$ 810 |
$ 600 |
$ 150 |
74 % |
NYSE Composite |
$ 20,000 |
$ 20,000 |
$ 600 |
100 % |
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$ 19,688 |
$ 15,750 |
$ 200 |
80 % |
E-mini S & P |
$ 3,938 |
$ 3,150 |
$ 50 |
80 % |
CRB Index |
$ 2,900 |
$ 2,900 |
$ 125 |
100 % |
Nikkei Stock Index |
$ 4,709 |
$ 3,600 |
$ 170 |
80 % |
Nasdaq 100 |
$ 18,750 |
$ 15,000 |
$ 255 |
80 % |
E-mini Nasdaq 100 |
$ 3,750 |
$ 3,000 |
$ 51 |
80 % |
Dow Jones |
$ 4,875 |
$ 3,900 |
$ 500 |
80 % |
Mini 5$ Dow |
$ 2,438 |
$ 1,950 |
$ 200 |
80 % |
|
Livestock |
Feeder Cattle |
$ 1,350 |
$ 1,000 |
$ 743 |
74 % |
Live Cattle |
$ 945 |
$ 700 |
$ 1,215 |
74 % |
Lean Hogs |
$ 1,080 |
$ 800 |
$ 700 |
74 % |
Frozen Bellies |
$ 1,620 |
$ 1,200 |
$ 810 |
74 % |
|
Foods / Fibers / Soft's |
Cocoa |
$ 840 |
$ 600 |
$ 210 |
71 % |
Coffee " C " |
$ 2,520 |
$ 1,800 |
$ 500 |
71 % |
Cotton #2 |
$ 1,400 |
$ 1,000 |
$ 298 |
71 % |
Orange Juice FCOJ |
$ 980 |
$ 700 |
$ 250 |
71 % |
Sugar #11 |
$ 1,400 |
$ 1,000 |
$ 140 |
71 % |
Lumber |
$ 1,650 |
$ 1,100 |
$ 900 |
67 % |
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Metals |
Copper |
$ 8,100 |
$ 6,000 |
$ 202 |
74 % |
Gold |
$ 3,038 |
$ 2,363 |
$ 608 |
78 % |
Platinum |
$ 2,700 |
$ 2,000 |
$ 500 |
74 % |
Palladium |
$ 2,700 |
$ 2,000 |
$ 404 |
74 % |
Silver/5000 OZ |
$ 9,000 |
$ 6,750 |
$ 470 |
75 % |
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Energies |
Crude Oil |
4,725 |
$ 3,500 |
$ 1,000 |
74 % |
RBOB Gasoline |
$ 8,100 |
$ 6,000 |
$ 1,000 |
74 % |
Heating Oil |
$ 6,750 |
$ 5,000 |
$ 1,000 |
74 % |
Natural Gas |
$ 12,150 |
$ 9,000 |
$ 3,375 |
74 % |
 Margin Sheet Data Download
Related:
 Commodity Contract Specifications
Market Trading Hours
* All margins are subject to change without notice. Margin information is from sources believed to be reliable, but we cannot be held responsible for either its accuracy or completeness |
