Nobody gives lower overnight margins than the exchange minimums, but some have higher rates. I see day trade margins on ES as low as $300 at Global from the link. Most discount brokers will give at least a 50% reduction for day trade margins.
BR, Dennis On May 18, 2009, at 11:19 AM, Ed Hoopes wrote: > Agreed - however, check out $500 margins here: > > http://www.globalfutures.com/futures/index.asp?refid=Direct&location=content&lang=en > > or www.expressfutures.com says: > > "No padding the margins here! Qualified accounts get exchange > minimum margins. Day Traders enjoy margins that are reduced 50% or > more!" > > The point I was trying to make is that individual brokerages may > have margins that are different from what is required by the exchange. > > > > > --- In [email protected], Richard Dale <rich...@...> wrote: >> >> That's interesting because the exchange requires a fair bit more: >> http://www.cmegroup.com/wrappedpages/clearing/pbrates/performancebond.html?group=CME%20INDEX%20FUTURES&type=OutrightRates&h=2&reporttype=marginrate >> >> Interactive Brokers match our margin figures: >> http://www.interactivebrokers.com/en/trading/marginRequirements/margin.php?ib_entity=llc >> >> Are you sure you're talking about overnight maintenance margin? >> >> Best regards, >> Richard Dale. >> Norgate Investor Services >> - Premium quality Stock, Futures and Foreign Exchange Data for >> markets in Australia, Asia, Canada, Europe, UK & USA - >> www.premiumdata.net >> >> >> >> -------- Original Message -------- >> Subject: [amibroker] Re: hello all S&P emini question >> From: Ed Hoopes <reefbreak...@...> >> To: [email protected] >> Date: mon, 18 may 2009 03:18:31 -0000 >>> >>> >>> You should check with your own broker on margin. I've seen e-mini >>> margin as low as $500. >>> >>> --- In [email protected] <mailto:amibroker >>> %40yahoogroups.com>, >>> Richard Dale <richard@> wrote: >>> >>>> >>>> The E-Mini S&P 500 security should have the following properties to >>>> enable correct backtesting: >>>> Tick Size: 0.25 >>>> Point Value: 50 >>>> Margin: 5625 >>>> >>>> Best regards, >>>> Richard Dale. >>>> Norgate Investor Services >>>> - Premium quality Stock, Futures and Foreign Exchange Data for >>>> markets in Australia, Asia, Canada, Europe, UK & USA - >>>> www.premiumdata.net >>>> >>>> >>>> >>>> -------- Original Message -------- >>>> Subject: [amibroker] hello all S&P emini question >>>> From: zeek ing <zeeking57@> >>>> To: [email protected] <mailto:amibroker%40yahoogroups.com> >>>> Date: sun, 17 may 2009 16:32:48 -0400 >>>>> >>>>> >>>>> Hello, >>>>> >>>>> >>>>> all I am trying to set up a backtester on s&P emini data. Just >>>>> wanted >>>>> to know what the appropriate point value should be in the code. >>>>> >>>>> I thought 0.5m but i am not sure. Can anyone help? >>>>> >>>>> >>>>> zeek >>>>> >>>> >>> >>> >> > > > > > ------------------------------------ > > **** IMPORTANT PLEASE READ **** > This group is for the discussion between users only. > This is *NOT* technical support channel. > > TO GET TECHNICAL SUPPORT send an e-mail directly to > SUPPORT {at} amibroker.com > > TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at > http://www.amibroker.com/feedback/ > (submissions sent via other channels won't be considered) > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > Yahoo! Groups Links > > >
