Speculative Margins

Last updated: September 27, 2011

Please be aware that the margin requirements for the spot month are often higher (in some cases significantly higher) than the margins quoted here.



Grains & Oilseeds


Contract


Exchange

Initial
Margins

Maint.
Margins

Corn

CBOT

2363

1750

Wheat

CBOT

3038

2250

Oats

CBOT

1350

1000

Soybeans

CBOT

3375

2500

Soy Meal

CBOT

1688

1250

Soy Oil

CBOT

1350

1000

KC Wheat

KBOT

3125

2500

Rice

CBOT

1688

1250


 
 


Meats


Contract


Exchange

Initial
Margins

Maint.
Margins

Live Cattle

CME

1620

1200

Feeder Cattle

CME

2025

1500

Lean Hogs

CME

1688

1250

 

 

 

 


 
 


Metals


Contract


Exchange

Initial
Margins

Maint.
Margins

Gold

COMEX

11475

8500

Silver

COMEX

24975

18500

Copper

COMEX

6750

5000

Platinum

NYMEX

3850

3500

Palladium

NYMEX

5775

5250


 
 


Energy


Contract


Exchange

Initial
Margins

Maint.
Margins

Crude Oil*

NYMEX

8100

6000

RBOB Gas*

NYMEX

10463

7750

Heating Oil*

NYMEX

8775

6500

Natural Gas*

NYMEX

3713

2750


 
 


Tropicals & Cotton


Contract


Exchange

Initial
Margins

Maint.
Margins

Coffee

CSCE

7560

5400

Cocoa

CSCE

1750

1250

Sugar

CSCE

3150

2250

Cotton

NYCE

5880

4200

Orange Juice

NYCE

2590

1850

 

 

 

 


 
 


Currencies


Contract


Exchange

Initial
Margins

Maint.
Margins

Austr. Dollar

IMM

3510

2600

British Pound

IMM

1620

1200

Canadian Dollar

IMM

2430

1800

Dollar Index

NYCE

1929

1450

Euro

IMM

5400

4000

Japanese Yen

IMM

5400

4000

Mexican Peso

IMM

2813

2450

Swiss Frank

IMM

5400

4000


 
 


Interest Rates


Contract


Exchange

Initial
Margins

Maint.
Margins

US T-Bonds

CBOT

3915

2900

10 Year Notes

CBOT

2160

1600

5 Year Notes

CBOT

1215

900

Eurodollars

IMM

608

450


 
 


Indices


Contract


Exchange

Initial
Margins

Maint.
Margins

S&P 500 Index

CME

25000

20000 

E-Mini S&P

CME

5000

4000

Nasdaq 100 Ind.

CME

17500

14000

E-Mini Nasdaq

CME

3500

2800

Dow Jones

CBOT

10000

8000

E-Mini Dow

CBOT

5000

4000

Nikkei Index

CME

5313

4250


 
 


Woods


Contract


Exchange

Initial
Margins

Maint.
Margins

Lumber

CME

2250

1500

Margins are subject to change without notice.
* Margins involving the spot month may be significantly higher.


PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING DERIVATIVES CONTRACTS, FUTURES AND OPTIONS. TRADING IS NOT SUITABLE FOR ALL INVESTORS. PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS.