Futures & FOPs Margin Requirements

Futures and FOPs Margin Overview

US Futures and FOPs Margin Requirements


For residents of the United States trading futures and FOPs:

  • Risk-based margin
  • Portfolio margin

Interactive Brokers will calculate both methodologies and assess the higher of the two to your account.

The complete margin requirement details are listed in the sections below.




Futures Margin


Futures margin requirements are based on risk-based algorithms. All margin requirements are expressed in the currency of the traded product and can change frequently. Risk-based margin algorithms define a standard set of market outcome scenarios with a one-day time horizon. A price scanning range is defined for each product by the respective clearing house.

Note that for commodities including futures, single-stock futures and futures options, margin is the amount of cash a client must put up as collateral to support a futures contract. For securities, margin is the amount of cash a client borrows.

Futures margin trading in an Individual Retirement Account (IRA) is subject to substantially higher margin requirements than in a non-IRA margin account. Margin rates in an IRA margin account may meet or exceed twice the overnight futures margin requirement imposed in a non-IRA margin account.

Margin requirements for futures are set by each exchange.


Margin Requirements

Euronext Brussels (Belfox)

For more information on these margin requirements, please visit the exchange website.

Exchange BELFOX Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
BELFOXBFXBEL 20 Index BXF 8573.17 N/A 8573.17 6858.54 EUR Yes 2 8573.17 6858.54
Chicago Board Of Trade (CBOT)

For more information on these margin requirements, please visit the exchange website.

Exchange CBOT Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
CBOT10Y10 Year Micro Treasury Yield 10Y 700 N/A 700 560 USD No 700 560
CBOT2YY2 Year Micro Treasury Yield 2YY 1754.12 N/A 1754.12 1403.30 USD No 1754.12 1403.30
CBOT30Y30 Year Micro Treasury Yield 30Y 1228.08 N/A 1228.08 982.468 USD No 1228.08 982.468
CBOT5YY5 Year Micro Treasury Yield 5YY 982.025 N/A 982.025 785.62 USD No 982.025 785.62
CBOTAIGCIBloomberg Commodity Index AW 1286.27 N/A 1286.27 1029.02 USD No 1286.27 1029.02
CBOTACEthanol -CME EH 6125 N/A 6125 4900 USD No 6125 4900
CBOTKEHard Red Winter Wheat -KCBOT- KE 4638.03 N/A 4638.03 3710.42 USD Yes 4638.03 3710.42
CBOTMTNMicro Ultra 10-Year U.S Treasury Note MTN 610.338 N/A 610.338 488.271 USD No 610.338 488.271
CBOTMWNMicro Ultra US Treasury Bond MWN 1370.23 N/A 1370.23 1096.18 USD No 1370.23 1096.18
CBOTMYMMicro E-Mini Dow Jones Industrial Average Index MYM 779.884 678.16 1114.12 968.80 USD No 1114.12 968.80
CBOTDJUSREDow Jones US Real Estate Index RX 5135.05 N/A 5135.05 4108.04 USD No 5135.05 4108.04
CBOTTNUltra 10-Year US Treasury Note TN 5067.66 N/A 5067.66 4054.13 USD No 5067.66 4054.13
CBOTTWE20-Year U.S. Treasury Bond TWE 6375 N/A 6375 5100 USD No 6375 5100
CBOTUBUltra Treasury Bond UB 9480.52 N/A 9480.52 7584.41 USD Yes 9480.52 7584.41
CBOTYCMini Sized Corn Futures XC 452.183 N/A 452.183 361.747 USD No 452.183 361.747
CBOTYKMini Sized Soybean Futures XK 893.643 N/A 893.643 714.915 USD No 893.643 714.915
CBOTYWMini Sized Wheat Futures XW 948.597 N/A 948.597 758.878 USD No 948.597 758.878
CBOTYIA1-Year Eris SOFR Swap Futures YIA 75.7201 N/A 75.7201 60.5761 USD No 75.7201 60.5761
CBOTYIC3-Year Eris SOFR Swap Futures YIC 181.249 N/A 181.249 65 USD No 81.25 65
CBOTYID4-Year Eris SOFR Swap Futures YID 218.7525 N/A 218.7525 175 USD No 218.75 175
CBOTYIT2-Year Eris SOFR Swap Futures YIT 281.25 N/A 281.25 175 USD No 281.25 175
CBOTYIW5-Year Eris SOFR Swap Futures YIW 250 N/A 250 80 USD No 100 80
CBOTYME-mini Dow Jones Industrial Average YM 7798.84 6781.60 11141.20 9688 USD Yes 11141.20 9688
CBOTZ3N3 YEAR US TREASURY NOTE Z3N 2945.78 N/A 2945.78 2356.62 USD No 2945.78 2356.62
CBOTZBUS Treasury Bond ZB 6933.68 N/A 6933.68 5546.94 USD Yes 6933.68 5546.94
CBOTZCCorn Futures ZC 2260.92 N/A 2260.92 1808.73 USD Yes 2260.92 1808.73
CBOTZF5 Year US Treasury Note ZF 2169.56 N/A 2169.56 1735.65 USD Yes 2169.56 1735.65
CBOTZLSoybean Oil Futures ZL 3063.36 N/A 3063.36 2450.69 USD Yes 3063.36 2450.69
CBOTZMSoybean Meal Futures ZM 4481.26 N/A 4481.26 3585.01 USD Yes 4481.26 3585.01
CBOTZN10 Year US Treasury Note ZN 3311.13 N/A 3311.13 2648.90 USD Yes 3311.13 2648.90
CBOTZOOat Futures ZO 6320.06 N/A 6320.06 5056.05 USD Yes 6320.06 5056.05
CBOTZQ30 Day Fed Funds ZQ 554.373 N/A 554.373 443.498 USD Yes 2 554.373 443.498
CBOTZRRough Rice Futures ZR 6554.51 N/A 6554.51 5243.61 USD Yes 6554.51 5243.61
CBOTZSSoybean Futures ZS 4468.22 N/A 4468.22 3574.57 USD Yes 4468.22 3574.57
CBOTZT2 Year US Treasury Note ZT 1536.23 N/A 1536.23 1228.98 USD Yes 1536.23 1228.98
CBOTZWWheat Futures ZW 4742.99 N/A 4742.99 3794.39 USD Yes 4742.99 3794.39
Montreal Exchange (CDE)

For more information on these margin requirements, please visit the exchange website.

Exchange CDE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
CDEBAX3 Month Canadian Bankers' Acceptance Futures BAX 956.763 N/A 956.763 765.411 CAD No 956.763 765.411
CDECGB10 Year Government of Canada Bonds CGB 4438.85 N/A 4438.85 3551.08 CAD No 4438.85 3551.08
CDECGF5 Year Government of Canada Bonds CGF 2505.63 N/A 2505.63 2004.51 CAD No 2505.63 2004.51
CDECGZ2 Year Government of Canada Bonds CGZ 915.647 N/A 915.647 732.518 CAD No 915.647 732.518
CDECRA3 Month CORRA CRA 409.313 N/A 409.313 327.45 CAD No 409.313 327.45
CDETSE60S&P Canada 60 Index Futures (Old TSE60) SXF 12571.46 10057.17 17959.23 14367.39 CAD No 17959.23 14367.39
CDETSE60S&P Canada 60 Index Futures (Old TSE60) SXM 13469.42 N/A 13469.42 10775.54 CAD No 13469.42 10775.54
CEDX

Exchange CEDX Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
CEDXBCH20P- CH20F 18244.32 N/A 18244.32 14595.46 CHF Yes 18244.32 14595.46
CEDXBDE40G- DE40F 25081.01 N/A 25081.01 20064.81 EUR Yes 25081.01 20064.81
CEDXBES35P- ES35F 21081.03 N/A 21081.03 16864.82 EUR Yes 21081.03 16864.82
CEDXBEZ50P- EZ50F 7755.19 N/A 7755.19 6204.15 EUR Yes 7755.19 6204.15
CEDXBFR40P- FR40F 11530.88 N/A 11530.88 9224.71 EUR Yes 11530.88 9224.71
CEDXBIT40P- IT40F 13940.025 N/A 13940.025 11152.02 EUR Yes 13940.025 11152.02
CEDXBNL25P- NL25F 15489.27 N/A 15489.27 12391.42 EUR Yes 15489.27 12391.42
CEDXBNO25G- NO25F 21204.15 N/A 21204.15 16963.32 NOK Yes 21204.15 16963.32
CEDXBSE30P- SE30F 37335.97 N/A 37335.97 29868.78 SEK Yes 37335.97 29868.78
CEDXBUK100P- UK100F 12144.14 N/A 12144.14 9715.31 GBP Yes 12144.14 9715.31
CBOE Futures Exchange (CFE)

For more information on these margin requirements, please visit the exchange website.

Exchange CFE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
CFEIBXXIBHYiBoxx iShares $ High Yield Corporate Bond Index TR IBHY 9907.15 N/A 9907.15 7925.72 USD No 9907.15 7925.72
CFEIBXXIBIGiBoxx iShares $ Investment Grade Corporate Bond Index TR IBIG 15075.37 N/A 15075.37 12060.30 USD No 15075.37 12060.30
CFEVIXCBOE Volatility Index VX 8380.62 N/A 8380.62 6704.50 USD No 32799.93 26239.95
CFEVIXCBOE Volatility Index VX26 7847.25 N/A 7847.25 6277.80 USD No 31828.67 25462.93
CFEVIXCBOE Volatility Index VX27 7847.25 N/A 7847.25 6277.80 USD No 31828.67 25462.93
CFEVIXCBOE Volatility Index VX28 7873.76 N/A 7873.76 6299.01 USD No 32573.12 26058.50
CFEVIX- VX30 7150 N/A 7150 5720 USD No 32611.66 26089.33
CFEVXMMini Cboe Volatility Index Futures VXM 850.904 N/A 850.904 670.963 USD No 3215.72 2572.58
Chicago Mercantile Exchange (CME)

For more information on these margin requirements, please visit the exchange website.

Exchange CME Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
CMEAUDAustralian dollar 6A 2987.00 N/A 2987.00 2389.60 USD Yes 2987.00 2389.60
CMEGBPBritish pound 6B 2460.32 N/A 2460.32 1968.25 USD Yes 2460.32 1968.25
CMECADCanadian dollar 6C 2098.67 N/A 2098.67 1678.94 USD Yes 2098.67 1678.94
CMEEUREuropean Monetary Union Euro 6E 4098.48 N/A 4098.48 3278.79 USD Yes 4098.48 3278.79
CMEJPYJapanese yen 6J 3500.01 N/A 3500.01 2800.01 USD Yes 3500.01 2800.01
CMEBREBrazilian real 6L 1911.42 N/A 1911.42 1390.125 USD Yes 2 1911.42 1390.125
CMEMXPMexican Peso 6M 2070.17 N/A 2070.17 1656.13 USD Yes 2070.17 1656.13
CMENZDNew Zealand dollar 6N 2494.19 N/A 2494.19 1995.35 USD Yes 2 2494.19 1995.35
CMERUR *Russian Ruble in US Dollars 6R 35062.50 N/A 35062.50 28050 USD Yes 2 35062.50 28050
CMECHFSwiss franc 6S 5302.03 N/A 5302.03 4241.625 USD Yes 5302.03 4241.625
CMEZARSouth African Rand 6Z 2364.69 N/A 2364.69 1891.75 USD No 2364.69 1891.75
CMEACDAustralian dollar ACD 15274.51 N/A 15274.51 12219.61 CAD No 15274.51 12219.61
CMEAJYAustralian dollar AJY 2607701.11 N/A 2607701.11 2086160.89 JPY No 2607701.11 2086160.89
CMEBQXCME E-Mini NASDAQ Biotechnology BIO 25469.83 N/A 25469.83 20375.86 USD No 25469.83 20375.86
CMEBOSBoston Housing Index BOS 5343.75 N/A 5343.75 4275 USD No 5343.75 4275
CMEBSBYThree-Month Bloomberg Short-Term Bank Yield BSB 2037.16 N/A 2037.16 1629.73 USD No 2037.16 1629.73
CMEBRRCME CF Bitcoin Reference Rate BTC 171854.37 N/A 171854.37 133664.51 USD Yes 171854.37 133664.51
CMEBTCEURRRCME CF Bitcoin-Euro Reference Rate BTE 196156.25 N/A 196156.25 156925 EUR No 392312.50 313850
CMECBCME Cash-Settled Butter Futures CB 11910.91 N/A 11910.91 9528.72 USD No 11910.91 9528.72
CMECHIChicago Housing Index CHI 4679.10 N/A 4679.10 2667.50 USD No 4679.10 2667.50
CMECLPChilean peso CHP 8620.92 N/A 8620.92 6896.74 USD No 8620.92 6896.74
CMECJYCanadian dollar CJY 2590940.36 N/A 2590940.36 2072752.29 JPY No 2590940.36 2072752.29
CMECNHUnited States dollar CNH 27031.875 N/A 27031.875 21625.50 CNH No 27031.875 21625.50
CMECSCCheese CSC 8992.52 N/A 8992.52 7194.01 USD No 8992.52 7194.01
CMECUSHousing Index Composite CUS 8125 N/A 8125 4475 USD No 8125 4475
CMECZKCzech koruna CZK 24123.36 N/A 24123.36 19298.69 USD Yes 2 24123.36 19298.69
CMEDAMILK CLASS III INDEX DC 6015.90 N/A 6015.90 4812.72 USD Yes 6015.90 4812.72
CMEDENDenver Housing Index DEN 5059.37 N/A 5059.37 4047.50 USD No 5059.37 4047.50
CMEDYCME DRY WHEY INDEX DY 3350.26 N/A 3350.26 2680.21 USD No 3350.26 2680.21
CMEE7European Monetary Union Euro E7 2049.24 N/A 2049.24 1639.39 USD No 2049.24 1639.39
CMEEADEuropean Monetary Union Euro EAD 18489.63 N/A 18489.63 14791.70 AUD No 18489.63 14791.70
CMEECDEuropean Monetary Union Euro ECD 11610.22 N/A 11610.22 9288.18 CAD No 11610.22 9288.18
CMEECKCzech koruna ECK 10115.50 N/A 10115.50 8092.40 EUR No 10115.50 8092.40
CMEEHFHungarian forint EHF 10784.50 N/A 10784.50 8627.60 EUR Yes 2 10784.50 8627.60
CMEEMDE-mini S&P Midcap 400 Futures EMD 25478.53 N/A 25478.53 20382.82 USD Yes 2 25478.53 20382.82
CMENIYYen Denominated Nikkei 225 Index ENY 205642.50 164514.00 293774.99 235020.00 JPY No 293774.99 235020.00
CMEEPZPolish zloty EPZ 11764.38 N/A 11764.38 9411.50 EUR Yes 2 11764.38 9411.50
CMEESE-mini S&P 500 ES 9121.55 8292.32 13030.79 11846.17 USD Yes 13030.79 11846.17
CMESPXESUPE-mini S&P 500 ESG ESG 16327.84 N/A 16327.84 13062.27 USD No 16327.84 13062.27
CMEESTREuro Short-Term Rate ESR 218.75 N/A 218.75 175.00 EUR No 218.75 175.00
CMEETHEURRRCME CF Ether-Euro Reference Rate ETE 102343.75 N/A 102343.75 81875 EUR No 204687.50 163750
CMEETHUSDRRCME CF Ether-Dollar Reference Rate ETH 123272.81 N/A 123272.81 98618.24 USD Yes 246545.62 197236.49
CMEGSCIS&P-GSCI Index GD 26030.67 N/A 26030.67 20824.54 USD No 26030.67 20824.54
CMEGDKClass IV Milk - 200k lbs GDK 4300.20 N/A 4300.20 3440.16 USD No 4300.20 3440.16
CMEGFFeeder Cattle GF 9523.30 N/A 9523.30 7618.64 USD Yes 9523.30 7618.64
CMENFNON FAT DRY MILK INDEX GNF 9531.12 N/A 9531.12 7624.90 USD No 9531.12 7624.90
CMEHELean Hogs HE 4866.69 N/A 4866.69 3893.35 USD Yes 4866.69 3893.35
CMEHUFHungarian forint HUF 14563.34 N/A 14563.34 11650.67 USD Yes 2 14563.34 11650.67
CMEIBAABovespa Index - USD IBV 28492.54 N/A 28492.54 22794.03 USD No 28492.54 22794.03
CMEILSIsraeli Shekel ILS 35347.52 N/A 35347.52 28278.01 USD Yes 2 35347.52 28278.01
CMEJ7Japanese yen J7 1750.005 N/A 1750.005 1400.00 USD No 1750.005 1400.00
CMEKRWKorean Won KRW 19398.59 N/A 19398.59 15518.875 USD Yes 2 12552.03 10041.625
CMELAVLas Vegas Housing Index LAV 4706.25 N/A 4706.25 3765.00 USD No 4706.25 3765.00
CMELAXLos Angeles Housing Index LAX 6968.75 N/A 6968.75 5575 USD No 6968.75 5575
CMELBRLumber Futures LBR 1206.28 N/A 1206.28 965.026 USD No 1206.28 965.026
CMELELive Cattle LE 4286.22 N/A 4286.22 3428.98 USD Yes 4286.22 3428.98
CMEM2KMicro E-Mini Russell 2000 Index M2K 568.752 455.001 812.503 650.002 USD No 812.503 650.002
CMEM6AAustralian dollar M6A 298.70 N/A 298.70 238.96 USD No 298.70 238.96
CMEM6BBritish pound M6B 246.032 N/A 246.032 196.825 USD No 246.032 196.825
CMEM6EEuropean Monetary Union Euro M6E 409.848 N/A 409.848 327.879 USD No 409.848 327.879
CMEMBTMicro Bitcoin MBT 3437.09 N/A 3437.09 2673.29 USD Yes 3437.09 2673.29
CMEMCDCanadian dollar MCD 209.867 N/A 209.867 167.894 USD No 209.867 167.894
CMEMESMicro E-Mini S&P 500 Stock Price Index MES 912.155 829.232 1303.08 1184.62 USD Yes 1303.08 1184.62
CMEMETMicro Ether MET 246.546 N/A 246.546 197.236 USD Yes 493.091 394.473
CMEMIAMiami Housing Index MIA 9652.34 N/A 9652.34 5612.50 USD No 9652.34 5612.50
CMEMIRIndian Rupee MIR 1495.00 N/A 1495.00 1195.80 USD No 1495.00 1195.80
CMEMNHUnited States dollar MNH 2720.44 N/A 2720.44 2176.35 CNH No 2720.44 2176.35
CMEMNQMicro E-Mini Nasdaq-100 Index MNQ 1713.50 1557.73 2447.86 2225.33 USD Yes 2447.86 2225.33
CMEMSFSwiss franc MSF 530.203 N/A 530.203 424.1625 USD No 530.203 424.1625
CMENIYYen Denominated Nikkei 225 Index NIY 1028343.75 822675 1469062.50 1175250 JPY No 1469062.50 1175250
CMENKDDollar Denominated Nikkei 225 Index NKD 15521.34 N/A 15521.34 12417.07 USD No 15521.34 12417.07
CMENOKNorwegian krone NOK 27229.49 N/A 27229.49 21783.59 USD No 27229.49 21783.59
CMENQE-mini NASDAQ 100 NQ 17135.01 15577.28 24478.58 22253.25 USD Yes 24478.58 22253.25
CMENYMNew York Housing Index NYM 4859.375 N/A 4859.375 3887.50 USD No 4859.375 3887.50
CMEPJYBritish pound PJY 2874410.34 N/A 2874410.34 2299528.27 JPY No 2874410.34 2299528.27
CMEPLNPolish zloty PLN 19346.70 N/A 19346.70 15477.36 USD Yes 2 19346.70 15477.36
CMEPSFBritish pound PSF 11478.63 N/A 11478.63 9182.90 CHF No 11478.63 9182.90
CMERFEuropean Monetary Union Euro RF 5043.21 N/A 5043.21 4034.57 CHF No 5043.21 4034.57
CMERMBCME Chinese Renminbi in US Dollar Cross Rate RMB 8709.375 N/A 8709.375 6967.50 USD Yes 2 8709.375 6967.50
CMERMECME Chinese Renminbi in Euro Cross Rate RME 10986.34 N/A 10986.34 8789.07 EUR Yes 2 10986.34 8789.07
CMERPEuropean Monetary Union Euro RP 6619.53 N/A 6619.53 5295.625 GBP No 6619.53 5295.625
CMERS1E-mini Russell 1000 Index Futures RS1 12188.72 N/A 12188.72 9750.98 USD No 12188.72 9750.98
CMERSGE-mini Russell 1000 Growth Index Futures RSG 47487.95 N/A 47487.95 37990.36 USD No 47487.95 37990.36
CMERSVE-Mini Russell 1000 Value Index Futures RSV 15232.90 N/A 15232.90 12186.32 USD No 15232.90 12186.32
CMERTYE-mini Russell 2000 Index RTY 5687.52 4550.01 8125.03 6500.02 USD Yes 8125.03 6500.02
CMERYEuropean Monetary Union Euro RY 1250563.51 N/A 1250563.51 1000450.81 JPY Yes 2 1250563.51 1000450.81
CMESPXDIVANS&P 500 Dividend Points (Annual) Index SDA 4694.39 N/A 4694.39 3732.50 USD No 4694.39 3732.50
CMESDGSan Diego Housing Index SDG 7140.625 N/A 7140.625 5712.50 USD No 7140.625 5712.50
CMESEKSwedish krona SEK 23729.72 N/A 23729.72 18983.78 USD No 23729.72 18983.78
CMESFRSan Francisco Housing Index SFR 5875 N/A 5875 4700 USD No 5875 4700
CMESGXS&P 500 / Citigroup Growth Index SG 244636.14 N/A 244636.14 195708.91 USD No 244636.14 195708.91
CMESIRIndian Rupee SIR 7480 N/A 7480 5984 USD No 7480 5984
CMESJYSwiss franc SJY 3899243.13 N/A 3899243.13 3119394.50 JPY No 3899243.13 3119394.50
CMESMCE-Mini S&P SmallCap 600 Futures SMC 34432.56 N/A 34432.56 27546.05 USD No 34432.56 27546.05
CMESONIASterling Overnight Index Average SON 1228.07 N/A 1228.07 982.455 GBP No 1228.07 982.455
CMESOFR1Secured Overnight Financing Rate 1-month average of rates SR1 556.737 N/A 556.737 445.39 USD No 556.737 445.39
CMESOFR3Secured Overnight Financing Rate 3-month average of rates SR3 625 N/A 625 500 USD Yes 625 500
CMESVXS&P 500 / Citigroup Value Index SU 84754.37 N/A 84754.37 67803.49 USD No 84754.37 67803.49
CMETBF313-Week US Treasury Bill TBF3 625 N/A 625 500 USD No 625 500
CMEWDCWashington DC Housing Index WDC 5171.875 N/A 5171.875 4137.50 USD No 5171.875 4137.50
CMEIXBMaterials Select Sector Index XAB 16394.21 N/A 16394.21 13115.37 USD No 16394.21 13115.37
CMEIXEEnergy Select Sector Index XAE 17005.47 N/A 17005.47 13604.37 USD No 17005.47 13604.37
CMEIXMFinancial Select Sector Index XAF 21757.33 N/A 21757.33 17405.86 USD No 21757.33 17405.86
CMEIXIIndustrial Select Sector Index XAI 23028.92 N/A 23028.92 18423.14 USD No 23028.92 18423.14
CMEIXTTechnology Select Sector Index - XAK 55550.25 N/A 55550.25 44440.20 USD No 55550.25 44440.20
CMEIXRConsumer Staples Select Sector Index XAP 9567.62 N/A 9567.62 7654.09 USD No 9567.62 7654.09
CMEIXREReal Estate Select Sector Index XAR 9442.43 N/A 9442.43 7553.95 USD No 9442.43 7553.95
CMEIXUUtilities Select Sector Index XAU 13603.26 N/A 13603.26 10882.61 USD No 13603.26 10882.61
CMEIXVHealth Care Select Sector Index XAV 17414.91 N/A 17414.91 13931.93 USD No 17414.91 13931.93
CMEIXYConsumer Discretionary Select Sector Index XAY 33737.83 N/A 33737.83 26990.27 USD No 33737.83 26990.27
COMEX

Exchange COMEX Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
COMEXALIAluminum Index ALI 8713.35 N/A 8713.35 6970.68 USD No 8713.35 6970.68
COMEXGCGold GC 15441.80 N/A 15441.80 12353.44 USD Yes 15441.80 12353.44
COMEXHGCopper Index HG 14352.67 N/A 14352.67 11482.14 USD Yes 14352.67 11482.14
COMEXHRCHot-Rolled Coil Steel Index HRC 3166.88 N/A 3166.88 2533.51 USD No 3166.88 2533.51
COMEXMGCE-Micro Gold MGC 1544.18 N/A 1544.18 1235.34 USD Yes 1544.18 1235.34
COMEXMHGMicro Copper MHG 1435.27 N/A 1435.27 1148.21 USD No 1435.27 1148.21
COMEXQCCOMEX MINY Copper QC 7176.33 N/A 7176.33 5741.07 USD No 7176.33 5741.07
COMEXQICOMEX MINY Silver QI 11823.05 N/A 11823.05 9458.44 USD No 11823.05 9458.44
COMEXQOCOMEX MINY Gold QO 7720.90 N/A 7720.90 6176.72 USD No 7720.90 6176.72
COMEXSGCShanghai Gold Exchange Gold Benchmark PM Price Index - CNH Futures SGC 85343.15 N/A 85343.15 68274.52 CNH No 85343.15 68274.52
COMEXSGUFShanghai Gold Exchange Gold Benchmark PM Price Index - USD Futures SGU 9447.40 N/A 9447.40 7557.92 USD No 9447.40 7557.92
COMEXSISilver Index SI 23646.09 N/A 23646.09 18916.875 USD Yes 23646.09 18916.875
COMEXSISilver Index SIL 4729.22 N/A 4729.22 3783.375 USD No 4729.22 3783.375
COMEXUXUranium Index UX 6019.76 N/A 6019.76 4815.81 USD No 6019.76 4815.81
ENDEX

Exchange ENDEX Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
ENDEXECFICE ECX EUA Futures ECF 70740.00 N/A 70740.00 56592.00 EUR No 70740.00 56592.00
ENDEXTFMDutch TTF Natural Gas Futures TFM 12413.80 N/A 12413.80 9931.04 EUR Yes 12413.80 9931.04
EUREX

Exchange EUREX Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
EUREXCONFSwiss Federal Long-Term Bonds CONF 13099.03 N/A 13099.03 10479.22 CHF No 13099.03 10479.22
EUREXKS200.EUKOSPI 200 - Eurex/KRX Linked Product FBK2 8130937.76 6504750.21 11615625.375 9292500.30 KRW Yes 11615625.375 9292500.30
EUREXFBONEuro BONO Futures on Long-term Spanish Government Bonds FBON 11768.26 N/A 11768.26 9414.60 EUR No 11768.26 9414.60
EUREXBTPEuro-BTP Italian Government Bond FBTP 4741.40 N/A 4741.40 3793.12 EUR Yes 4741.40 3793.12
EUREXBTSShort-Term Euro-BTP Italian Government Bond FBTS 1256.62 N/A 1256.62 1005.30 EUR No 1324.28 1059.42
EUREXDJUBSDow Jones-UBS Commodity Index FCCO 4238.17 N/A 4238.17 3390.54 USD No 4238.17 3390.54
EUREXKWY.EUUS Dollar in Korean Won - EUREX/KRX Linked Product FCUW 1721250 N/A 1721250 1377000 KRW No 3442500 2754000
EUREXSD3EDEuro Stoxx Select Dividend 30 DVP FD3D 2933.17 N/A 2933.17 2174.00 EUR No 2933.17 2174.00
EUREXDAXDAX 40 Index (Deutsche Aktien Xchange 40) FDAX 29366.34 23493.08 41951.92 33561.54 EUR Yes 40266.56 32213.25
EUREXDDAXDivDAX Price Index FDIV 9382.50 N/A 9382.50 7506.00 EUR Yes 2 9382.50 7506.00
EUREXDDXDIVPTDivDAX Dividend Points Index FDVD 2501.43 N/A 2501.43 1854 EUR No 2501.43 1854
EUREXDAXDAX 40 Index (Deutsche Aktien Xchange 40) FDXM 5873.27 4698.62 8390.38 6712.31 EUR No 8053.31 6442.65
EUREXDAXDAX 40 Index (Deutsche Aktien Xchange 40) FDXS 1174.65 939.723 1678.08 1342.46 EUR Yes 1610.66 1288.53
EUREXDBEAEURO STOXX Banks Index Dividend Futures FEBD 293.003 N/A 293.003 214.311 EUR No 293.003 214.311
EUREXDJSDEuro STOXX Select Dividend 30 Index FEDV 4112.50 N/A 4112.50 3290 EUR Yes 2 4112.50 3290
EUREXESAEuro STOXX 600 Automobile & Parts FESA 9552.43 N/A 9552.43 7641.95 EUR Yes 2 9552.43 7641.95
EUREXSX7EEuro STOXX Banks Index FESB 700.856 560.685 1001.22 800.978 EUR Yes 916.412 733.13
EUREXSX4EEuro STOXX Chemicals FESC 6485.63 N/A 6485.63 5188.50 EUR Yes 2 6292.13 5033.70
EUREXESEEuro STOXX Oil & Gas FESE 2088.45 N/A 2088.45 1670.76 EUR Yes 2 2088.45 1670.76
EUREXESFEuro STOXX Financial Services Index FESF 3309.54 N/A 3309.54 2647.64 EUR Yes 2 2697.26 2157.80
EUREXSXNEEuro STOXX Industrial Goods&Services FESG 6515.76 N/A 6515.76 5212.61 EUR Yes 2 6257.60 5006.08
EUREXSXDEEuro STOXX Healthcare FESH 2683.67 N/A 2683.67 2146.93 EUR Yes 2 2683.67 2146.93
EUREXESIEuro STOXX Insurance FESI 2585.02 N/A 2585.02 2068.02 EUR Yes 2 2237.53 1790.025
EUREXESMEuro STOXX Media Index FESM 1483.33 N/A 1483.33 1186.66 EUR Yes 2 1483.33 1186.66
EUREXSXOEEuro STOXX Construction FESN 3170.85 N/A 3170.85 2536.68 EUR Yes 2 3170.85 2536.68
EUREXSX3EEuro STOXX Food&Beverages FESO 1739.62 N/A 1739.62 1391.70 EUR Yes 2 1739.62 1391.70
EUREXSXREEuro STOXX Retail FESR 4227.42 N/A 4227.42 3381.93 EUR Yes 2 4227.42 3381.93
EUREXSXPEEuro STOXX Basic Resources FESS 1430.83 N/A 1430.83 1144.66 EUR Yes 2 1362.81 1090.25
EUREXSXKEEuro STOXX Telecommunications FEST 896.562 N/A 896.562 717.25 EUR Yes 2 896.562 717.25
EUREXESUEuro STOXX Utilities Index FESU 1537.96 N/A 1537.96 1230.37 EUR Yes 1537.96 1230.37
EUREXSXTEEuro STOXX Travel & Leisure FESV 1226.82 N/A 1226.82 981.458 EUR Yes 2 1226.82 981.458
EUREXESTX50Euro STOXX50 FESX 3056.87 2445.50 4366.96 3493.56 EUR Yes 4366.96 3493.56
EUREXSX8EEuro STOXX Technology FESY 19050.37 N/A 19050.37 15240.30 EUR Yes 2 19050.37 15240.30
EUREXSXQEEuro STOXX Personal & Household Goods FESZ 7682.03 N/A 7682.03 6145.62 EUR Yes 2 7682.03 6145.62
EUREXEU3Three Month EURIBOR FEU3 719.742 N/A 719.742 575.793 EUR Yes 719.742 575.793
EUREXDESX5EURO STOXX 50 Index-Dividenden FEXD 3091.21 2261 4416.02 3230 EUR Yes 4416.02 3230
EUREXOMXH25OMX Helsinki 25 Index FFOX 9972.95 N/A 9972.95 7978.36 EUR Yes 2 9972.95 7978.36
EUREXGBLEuro Bund (10 Year Bond) FGBL 4140.66 N/A 4140.66 3312.53 EUR Yes 4140.66 3312.53
EUREXGBMEuro Bobl (5 Year Bond) FGBM 2092.06 N/A 2092.06 1673.65 EUR Yes 2092.06 1673.65
EUREXGBSEuro Schatz (2 Year Bond) FGBS 824.09 N/A 824.09 659.272 EUR Yes 757.007 605.606
EUREXGBXEuro Buxl (15 - 30 Year Bond) FGBX 9487.53 N/A 9487.53 7590.03 EUR Yes 9487.53 7590.03
EUREXDJESLEuro Stoxx Large FLCE 2328.29 N/A 2328.29 1862.63 EUR No 2159.28 1727.42
EUREXDJ200LSTOXX Large 200 Index FLCP 2275.79 N/A 2275.79 1820.63 EUR No 1813.71 1450.97
EUREXDJESMEuro Stoxx Mid FMCE 2192.53 N/A 2192.53 1754.025 EUR No 1942.88 1554.30
EUREXM1CNMSCI China NTR USD FMCH 1534.65 1227.72 2192.36 1753.88 USD No 2111.19 1688.95
EUREXDJ200STOXX MID 200 Index FMCP 2363.12 N/A 2363.12 1890.50 EUR Yes 2 1972.14 1577.72
EUREXM1MSMSCI Emerging Markets Asia FMEA 3826.92 3061.53 5467.03 4373.62 USD No 5177.88 4142.30
EUREXM1EFMSCI Emerging Markets Net Total Return Index FMEM 6820.80 N/A 6820.80 5456.64 USD No 6820.80 5456.64
EUREXMXEUMSCI Europe FMEP 1443.93 N/A 1443.93 1155.14 EUR No 1383.45 1106.76
EUREXM7EUMSCI Europe Net Return EUR Index FMEU 2837.48 N/A 2837.48 2269.98 EUR No 2330.31 1864.25
EUREXM1INMSCI India NTR USD FMIN 8573.87 6859.09 12248.38 9798.70 USD No 11200.85 8960.68
EUREXMXJPUSMSCI JAPAN INDEX - USD FMJP 6235.45 N/A 6235.45 4988.36 USD No 5573.86 4459.09
EUREXK200M.EUMini KOSPI 200 - Eurex/KRX Linked Product FMK2 1626187.55 1300950.04 2323125.075 1858500.06 KRW No 2323125.075 1858500.06
EUREXM1TWMSCI Taiwan NTR USD FMTW 7466.63 N/A 7466.63 5973.30 USD No 7400.24 5920.19
EUREXMBWOMSCI World Net EUR Index 1 FMWN 3763.44 N/A 3763.44 3010.75 EUR No 3305.63 2644.50
EUREXM1WOMSCI World NETR USD Index FMWO 6164.47 4931.57 8806.38 7045.11 USD No 7540.26 6032.21
EUREXMXWOMSCI World Index FMWP 4949.88 N/A 4949.88 3959.90 USD No 4949.88 3959.90
EUREXOATEuro-OAT French Government Bond FOAT 3959.59 N/A 3959.59 3167.67 EUR No 3959.59 3167.67
EUREXDJESSEuro Stoxx Small FSCE 1443.92 N/A 1443.92 1155.14 EUR No 1420.00 1136.00
EUREXDJ200SSTOXX Small 200 Index FSCP 1593.68 N/A 1593.68 1274.94 EUR No 1443.39 1154.71
EUREXSXXPESGXSTOXX Europe 600 ESG-X FSEG 1493.41 N/A 1493.41 1194.73 EUR No 1190.19 952.149
EUREXSLISwiss Leader Index (PREIS_INDEX) FSLI 4472.31 N/A 4472.31 3577.85 CHF Yes 2 4472.31 3577.85
EUREXSMIDPSMI Dividend Points Index FSMD 9986.83 N/A 9986.83 7402.00 CHF No 9986.83 7402.00
EUREXSMISwiss Market Index FSMI 6027.40 4821.92 8610.57 6888.46 CHF Yes 7857.92 6286.34
EUREXSMIMSwiss Mid-cap Index FSMM 4750.04 N/A 4750.04 3800.03 CHF Yes 2 4750.04 3800.03
EUREXSMISwiss Market Index FSMS 602.74 482.192 861.057 688.846 CHF No 785.792 628.634
EUREXMDAXMidcap DAX FSMX 2793.49 N/A 2793.49 2234.79 EUR No 2224.60 1779.68
EUREXST3Three Month ESTR FST3 144.213 N/A 144.213 115.37 EUR No 205.31 164.248
EUREXSXAPSTOXX 600 Automobiles & Parts FSTA 5165.12 N/A 5165.12 4132.10 EUR Yes 2 5165.12 4132.10
EUREXSX7PSTOXX 600 Banks FSTB 1353.68 N/A 1353.68 1082.94 EUR Yes 1175.68 940.548
EUREXSX4PSTOXX 600 Chemicals FSTC 5614.08 N/A 5614.08 4491.26 EUR Yes 2 4786.97 3829.58
EUREXSXEPSTOXX 600 Oil & Gas FSTE 1938.00 N/A 1938.00 1550.40 EUR Yes 1938.00 1550.40
EUREXSXFPSTOXX 600 Financial Services Index FSTF 4534.75 N/A 4534.75 3627.80 EUR Yes 2 3534.24 2827.40
EUREXSXNPSTOXX 600 Industrial Goods & Services Index FSTG 4353.20 N/A 4353.20 3482.56 EUR Yes 2 3995.64 3196.51
EUREXSXDPSTOXX 600 Healthcare FSTH 3842.79 N/A 3842.79 3074.23 EUR Yes 2 3842.79 3074.23
EUREXSXIPSTOXX 600 Insurance FSTI 2427.53 N/A 2427.53 1942.02 EUR Yes 2 2086.375 1669.10
EUREXSX86PSTOXX 600 Real Estate FSTL 1006.34 N/A 1006.34 805.071 EUR No 1006.34 805.071
EUREXSXMPSTOXX 600 Media FSTM 1729.42 N/A 1729.42 1383.54 EUR Yes 2 1555.45 1244.36
EUREXSXOPSTOXX 600 Construction & Materials FSTN 3492.17 N/A 3492.17 2793.74 EUR Yes 2 3324.92 2659.93
EUREXSX3PSTOXX 600 Food & Beverage Index FSTO 2316.59 N/A 2316.59 1853.27 EUR Yes 2 2316.59 1853.27
EUREXSXRPSTOXX 600 Retail FSTR 1966.91 N/A 1966.91 1573.53 EUR Yes 2 1966.91 1573.53
EUREXSXPPSTOXX 600 Basic Resources Index FSTS 4436.26 N/A 4436.26 3549.01 EUR Yes 4382.96 3506.37
EUREXSXKPSTOXX 600 Telecommunications FSTT 684.683 N/A 684.683 547.746 EUR Yes 2 684.683 547.746
EUREXSX6PSTOXX 600 Utilities FSTU 1490.40 N/A 1490.40 1192.32 EUR Yes 1490.40 1192.32
EUREXSXTPSTOXX 600 Travel & Leisure FSTV 1319.54 N/A 1319.54 1055.63 EUR Yes 2 1141.71 913.365
EUREXSTXSTOXX50 FSTX 3674.29 N/A 3674.29 2939.43 EUR Yes 2 2919.99 2335.99
EUREXSX8PSTOXX 600 Technology FSTY 9140.90 N/A 9140.90 7312.72 EUR Yes 2 9140.90 7312.72
EUREXSXQPSTOXX 600 Personal & Household Goods FSTZ 4488.19 N/A 4488.19 3590.55 EUR Yes 2 4488.19 3590.55
EUREXESTX50Euro STOXX50 FSXE 305.687 244.55 436.696 349.356 EUR No 436.696 349.356
EUREXTDXTECDAX FTDX 8086.35 N/A 8086.35 6469.08 EUR Yes 2 8086.35 6469.08
EUREXV2TXVSTOXX Volatility Index FVS 921.875 N/A 921.875 737.50 EUR Yes 2994.71 2395.77
EUREXDJESEuro STOXX Price Index FXXE 2244.29 N/A 2244.29 1795.43 EUR No 2076.23 1660.98
EUREXDJ600STOXX 600 Index FXXP 1510.64 1208.51 2158.06 1726.44 EUR Yes 2023.19 1618.55
Euronext NL (FTA)

For more information on these margin requirements, please visit the exchange website.

Exchange FTA Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
FTAAMXAMX INDEX FMX 12569.08 N/A 12569.08 10055.26 EUR No 12569.08 10055.26
FTAEOEAMS EOE Index FTI 9231.25 7385 13187.50 10550 EUR Yes 13187.50 10550
FTAEOEAMS EOE Index MFA 923.125 738.50 1318.75 1055 EUR No 1318.75 1055
Hong Kong Futures Exchange (HKFE)

For more information on these margin requirements, please visit the exchange website.

Exchange Underlying Product description Trading Class Intraday Initial 1,5 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
HKFECES120CES China 120 Index CHH 71839.99 N/A 71839.99 57471.99 HKD No 71839.99 57471.99
HKFECNHUnited States dollar CUS 27066 N/A 27066 21652.80 CNH Yes 27066 21652.80
HKFEHHIDPIHSCEI Dividend Point Index DHH 3763.57 N/A 3763.57 2808.70 HKD No 3763.57 2808.70
HKFEHSIDPIHSI Dividend Point Index DHS 11101.31 N/A 11101.31 8292.30 HKD No 11101.31 8292.30
HKFEGDRCNH Gold Futures GDR 370840.28 N/A 370840.28 296672.22 CNH No 370840.28 296672.22
HKFEGDUUSD Gold Futures GDU 50216.63 N/A 50216.63 40173.31 USD No 50216.63 40173.31
HKFEHHI.HK 3Hang Seng China Enterprise Index HHI 33652.50 26922 48075 38460 HKD Yes 48075 38460
HKFEHSIHang Seng Stock Index HSI 75417.88 60334.31 107739.83 86191.87 HKD Yes 107739.83 86191.87
HKFEHSTECHHang Seng TECH Index HTI 21980.72 17584.58 31401.03 25120.83 HKD Yes 31401.03 25120.83
HKFEMCAMSCI China A 50 Connect Index MCA 2986.81 2389.44 4266.86 3413.49 USD No 4266.86 3413.49
HKFEMCH.HKMini-Hang Seng China Enterprises Index MCH 6730.50 5384.40 9615 7692 HKD Yes 9615 7692
HKFEMCSUnited States dollar MCS 5411.25 N/A 5411.25 4329 CNH No 5411.25 4329
HKFEMHIMini Hang Seng Index MHI 15083.58 12066.86 21547.97 17238.37 HKD Yes 21547.97 17238.37
HKFEMID.HKMSCI Indonesia Index (USD) - HKFE MIA 2169.85 N/A 2169.85 1735.88 USD No 2169.85 1735.88
HKFEMNDMSCI India Index (USD) - HKFE MND 6940.45 N/A 6940.45 5552.36 USD No 6940.45 5552.36
HKFEMTWMSCI Taiwan (USD) Index - HKFE MTW 6940.28 N/A 6940.28 5552.23 USD No 6940.28 5552.23
HKFEVHSIHang Seng Volatility Index VHS 59531.25 N/A 59531.25 47625 HKD No 132687.50 106150
Intercontinental Exchange (ICEEU)

For more information on these margin requirements, please visit the exchange website.

Exchange ICEEU Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
ICEEUSGShort Gilt G 3522.31 N/A 3522.31 2817.85 GBP No 3522.31 2817.85
ICEEUHMedium Gilt H 6684.25 N/A 6684.25 5347.40 GBP No 6684.25 5347.40
ICEEUI3 Month EURIBOR Interest Rate I 1045 N/A 1045 836 EUR Yes 1045 836
ICEEUNDUEBRAFThe MSCI Brazil Net Total Return MCG 6534.79 N/A 6534.79 5227.83 USD No 6534.79 5227.83
ICEEUO5 Year Euro Swapnote O 5860.66 N/A 5860.66 4688.53 EUR No 5860.66 4688.53
ICEEUP10 Year Euro Swapnote P 10677.65 N/A 10677.65 8542.12 EUR No 10677.65 8542.12
ICEEURLong Gilt R 4626.92 N/A 4626.92 3701.53 GBP No 4626.92 3701.53
ICEEUSRFXON3Three Month SaronA SA3 958.469 N/A 958.469 766.775 CHF No 958.469 766.775
ICEEUSONIA.NThree Month SONIA SO3 1161.875 N/A 1161.875 929.50 GBP Yes 1161.875 929.50
ICEEUSONIO.NOne Month SONIA SOA 866.041 N/A 866.041 692.833 GBP No 866.041 692.833
ICEEUTWS2 Year Euro Swapnote TWS 2261.67 N/A 2261.67 1809.33 EUR No 2261.67 1809.33
ICEEUF1DVFTSE 100 Dividend Index XZ 866.763 N/A 866.763 674.689 GBP No 866.763 674.689
ICEEUYFTSE 250 Index Y2 6514.77 N/A 6514.77 5211.82 GBP No 6514.77 5211.82
ICEEUZFTSE 100 Index Z 4468.03 3574.42 6382.90 5106.32 GBP Yes 6382.90 5106.32
ICE Agricultural Products (ICEEUSOFT)

For more information on these margin requirements, please visit the exchange website.

Exchange ICEEUSOFT Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
ICEEUSOFTCCocoa C 16862.50 N/A 16862.50 13490 GBP No 16862.50 13490
ICEEUSOFTDRobusta Coffee RC 5038.16 N/A 5038.16 4030.53 USD No 5038.16 4030.53
ICEEUSOFTTWheat T 4932.52 N/A 4932.52 3946.01 GBP No 4932.52 3946.01
ICEEUSOFTWWhite Sugar W 2782.40 N/A 2782.40 2225.92 USD No 2782.40 2225.92
ICE Futures US (ICEUS)

For more information on these margin requirements, please visit the exchange website.

Exchange ICEUS Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
ICEUSAUDAustralian dollar KAU 8938.23 N/A 8938.23 7150.59 USD No 8938.23 7150.59
ICEUSEJNYBOT Euro in Japanese Yen KEJ 26439063.59 N/A 26439063.59 21151250.875 JPY No 26439063.59 21151250.875
ICEUSEOEuropean Monetary Union Euro KEO 10437.53 N/A 10437.53 8350.03 USD No 10437.53 8350.03
ICEUSECDEuropean Monetary Union Euro KEP 13058.47 N/A 13058.47 10446.77 CAD No 13058.47 10446.77
ICEUSGBEuropean Monetary Union Euro KGB 6619.53 N/A 6619.53 5295.625 GBP No 6619.53 5295.625
ICEUSEADEuropean Monetary Union Euro KRA 18458.86 N/A 18458.86 14767.09 AUD No 18458.86 14767.09
ICEUSRZNYBOT Euro in Swiss Franc KRZ 8278.15 N/A 8278.15 6622.52 CHF No 8278.15 6622.52
ICEUSZYSwiss franc KZY 3899243.13 N/A 3899243.13 3119394.50 JPY No 3899243.13 3119394.50
ICEUSMPBritish pound MP 7380.95 N/A 7380.95 5904.76 USD No 7380.95 5904.76
ICEUSSSBritish Pound in Swiss Franc SS 12865.85 N/A 12865.85 10292.68 CHF No 12865.85 10292.68
ICEUSSYBritish Pound in Japanese Yen SY 3063488.87 N/A 3063488.87 2450791.10 JPY No 3063488.87 2450791.10
Borsa Italiana (IDEM)

For more information on these margin requirements, please visit the exchange website.

Exchange IDEM Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
IDEMMIBDIVFTSE MIB Dividend Index FDIV 2356.88 N/A 2356.88 1885.50 EUR No 2356.88 1885.50
IDEMFTMIBFTSE MIB Index FIB 18435.71 14748.57 26336.73 21069.39 EUR Yes 26336.73 21069.39
IDEMFTMIBFTSE MIB Index MICR 737.429 589.943 1053.47 842.7755 EUR No 1053.47 842.7755
IDEMFTMIBFTSE MIB Index MIN 3687.14 2949.71 5267.35 4213.88 EUR No 5267.35 4213.88
IDEMSRGBSNAM & ITALGAS BASKET SRG7 998.701 N/A 998.701 798.961 EUR No 998.701 798.961
Intercontinental Exchange (IPE)

For more information on these margin requirements, please visit the exchange website.

Exchange IPE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
IPEATWICE Rotterdam Coal ATW 42979.19 N/A 42979.19 34383.35 USD No 42979.19 34383.35
IPECOILICE Brent Crude COIL 20492.43 N/A 20492.43 15179.58 USD Yes 20492.43 15179.58
IPEGOILICE Gasoil GOIL 9502.27 N/A 9502.27 7038.72 USD No 9502.27 7038.72
IPEHOILICE Heating Oil HOIL 33140.73 N/A 33140.73 24548.69 USD No 33140.73 24548.69
IPENCFNewcastle Coal Futures NCF 53835.82 N/A 53835.82 43068.66 USD No 53835.82 43068.66
IPENGFICE UK Natural Gas NGF 8345.20 N/A 8345.20 6676.16 GBP No 25999.70 6676.16
IPERBOBICE NYH RBOB Gasoline RBOB 31199.74 N/A 31199.74 23110.92 USD No 31199.74 23110.92
IPEWTIWest Texas Intermediate Light Sweet Crude Oil WTI 16672.50 N/A 16672.50 12350 USD Yes 16672.50 12350
Korea Stock Exchange (KSE)

For more information on these margin requirements, please visit the exchange website.

Exchange KSE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
KSEK200KOSPI200 Index 01 8245781.51 6596625.21 11779687.875 9423750.30 KRW Yes 11779687.875 9423750.30
KSEK200MMini KOSPI200 Index 05 1637562.58 1310050.06 2339375.11 1871500.09 KRW Yes 2339375.11 1871500.09
KSEKOSDQ150KOSDAQ 150 Index 06 1298210.725 987069.98 1854586.75 1410099.98 KRW No 1854586.75 1410099.98
KSE005930SAMSUNG ELECTRONICS CO LTD 111 245625 N/A 245625 196500 KRW No 245625 196500
KSE017670SK TELECOM 112 159687.50 N/A 159687.50 127750 KRW No 159687.50 127750
KSE005490POSCO HOLDINGS INC 113 1171875 N/A 1171875 937500 KRW No 1171875 937500
KSE030200KTCORPORATION 114 113593.75 N/A 113593.75 90875 KRW No 113593.75 90875
KSE015760KOREA ELECTRIC POWER CORP 115 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE005380HYUNDAI MOTOR CO 116 840625 N/A 840625 672500 KRW No 840625 672500
KSE016360SAMSUNG SECURITIES CO LTD 117 112968.75 N/A 112968.75 90375 KRW No 112968.75 90375
KSE055550SHINHAN FINANCIAL GROUP LTD 118 146718.75 N/A 146718.75 117375 KRW No 146718.75 117375
KSE000270KIA CORP 119 380312.50 N/A 380312.50 304250 KRW No 380312.50 304250
KSE012330HYUNDAI MOBIS CO LTD 120 692187.50 N/A 692187.50 553750 KRW No 692187.50 553750
KSE006400SAMSUNG SDI CO LTD 122 1223437.50 N/A 1223437.50 978750 KRW No 1223437.50 978750
KSE009150SAMSUNG ELECTRO-MECHANICS CO 123 462500 N/A 462500 370000 KRW No 462500 370000
KSE066570LG ELECTRONICS INC 124 308437.50 N/A 308437.50 246750 KRW No 308437.50 246750
KSE036460KOREA GAS CORPORATION 128 161875 N/A 161875 129500 KRW No 161875 129500
KSE004020HYUNDAI STEEL CO 132 89531.25 N/A 89531.25 71625 KRW No 89531.25 71625
KSE003550LG CORP 134 254375 N/A 254375 203500 KRW No 254375 203500
KSE078930GS HOLDINGS 135 135000 N/A 135000 108000 KRW No 135000 108000
KSE033780KT & G CORPORATION 136 268437.50 N/A 268437.50 214750 KRW No 268437.50 214750
KSE009540HD KOREA SHIPBUILDING & OFFS 139 415625 N/A 415625 332500 KRW No 415625 332500
KSE086790HANA FINANCIAL GROUP 140 186250 N/A 186250 149000 KRW No 186250 149000
KSE096770SK INNOVATION CO LTD 141 328437.50 N/A 328437.50 262750 KRW No 328437.50 262750
KSE001040CJ CORP 142 403750 N/A 403750 323000 KRW No 403750 323000
KSE034220LG DISPLAY CO LTD 145 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE105560KB FINANCIAL GROUP INC 146 253125 N/A 253125 202500 KRW No 253125 202500
KSE051910LG CHEM LTD 147 1146875 N/A 1146875 917500 KRW No 1146875 917500
KSE006800MIRAE ASSET SECURITIES CO LT 148 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE042670HD HYUNDAI INFRACORE CO LTD 149 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE000660SK HYNIX INC 150 693750 N/A 693750 555000 KRW No 693750 555000
KSE006360GS ENGINEERING & CONSTRUCT 151 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE139480E-MART INC 154 181875 N/A 181875 145500 KRW No 181875 145500
KSE161390HANKOOK TIRE & TECHNOLOGY CO 155 148500 N/A 148500 112125 KRW No 148500 112125
KSE035420NAVER CORP 156 530937.50 N/A 530937.50 424750 KRW No 530937.50 424750
KSE003490KOREAN AIR LINES CO LTD 157 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE3KTB3-Year Korea Treasury Bond 165 1128902.15 N/A 1128902.15 903121.72 KRW No 1128902.15 903121.72
KSEFLKTB10-Year Korea Treasury Bond 167 3812228.10 N/A 3812228.10 3049782.48 KRW No 3812228.10 3049782.48
KSEKWYUnited States dollar 175 1713874.97 N/A 1713874.97 1371099.98 KRW No 3427749.94 2742199.95
KSE032640LG UPLUS CORP 1B0 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE010950S-OILCORPORATION 1B2 208125 N/A 208125 166500 KRW No 208125 166500
KSE010130KOREA ZINC CO LTD 1B3 1523437.50 N/A 1523437.50 1218750 KRW No 1523437.50 1218750
KSE024110INDUSTRIALBANKOFKOREA 1B4 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE001680DAESANG CORPORATION 1B6 90156.25 N/A 90156.25 72125 KRW No 90156.25 72125
KSE047050POSCO INTERNATIONAL CORP 1B7 205312.50 N/A 205312.50 164250 KRW No 205312.50 164250
KSE034020DOOSAN ENERBILITY CO LTD 1B9 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE023530LOTTE SHOPPING CO 1BA 200000 N/A 200000 160000 KRW No 200000 160000
KSE011170LOTTE CHEMICAL CORP 1BB 351875 N/A 351875 281500 KRW No 351875 281500
KSE032830SAMSUNG LIFE INSURANCE CO LT 1BD 258750 N/A 258750 207000 KRW No 258750 207000
KSE010140SAMSUNGHEAVYINDUSTRIES 1BF 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE029780SAMSUNG CARD CO 1BG 135312.50 N/A 135312.50 108250 KRW No 135312.50 108250
KSE012450HANWHA AEROSPACE CO LTD 1BH 703125 N/A 703125 562500 KRW No 703125 562500
KSE036570NCSOFTCORPORATION 1BJ 583125 N/A 583125 466500 KRW No 583125 466500
KSE000080HITE JINRO CO LTD 1BK 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE071050KOREA INVESTMENT HOLDINGS CO 1BL 206875 N/A 206875 165500 KRW No 206875 165500
KSE047810KOREA AEROSPACE INDUSTRIES 1BM 160000 N/A 160000 128000 KRW No 160000 128000
KSE000720HYUNDAI ENGINEERING & CONST 1BN 101406.25 N/A 101406.25 81125 KRW No 101406.25 81125
KSE011210HYUNDAI WIA CORP 1BP 176562.50 N/A 176562.50 141250 KRW No 176562.50 141250
KSE008770HOTEL SHILLA CO LTD 1BQ 174687.50 N/A 174687.50 139750 KRW No 174687.50 139750
KSE035250KANGWON LAND, INC. 1BS 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE138930BNK FINANCIAL GROUP INC 1BT 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE139130DGB FINANCIAL GROUP INC 1BV 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE114090GRAND KOREA LEISURE CO LTD 1BW 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE001120LX INTERNATIONAL CORP 1BX 92656.25 N/A 92656.25 74125 KRW No 92656.25 74125
KSE011070LG INNOTEK CO LTD 1BY 765625 N/A 765625 612500 KRW No 765625 612500
KSE005940NH INVESTMENT & SECURITIES C 1BZ 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE034730SK INC 1C1 572812.50 N/A 572812.50 458250 KRW No 572812.50 458250
KSE001740SK NETWORKS CO LTD 1C2 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE011780KUMHO PETRO CHEMICAL CO LTD 1C3 461562.50 N/A 461562.50 369250 KRW No 461562.50 369250
KSE018260SAMSUNG SDS CO LTD 1C5 469687.50 N/A 469687.50 375750 KRW No 469687.50 375750
KSE090430AMOREPACIFIC CORP 1C6 593125 N/A 593125 474500 KRW No 593125 474500
KSE030000CHEIL WORLDWIDE INC 1C7 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE028260SAMSUNG C&T CORP 1C8 420000 N/A 420000 336000 KRW No 420000 336000
KSE000880HANWHA CORPORATION 1C9 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE088350HANWHA LIFE INSURANCE CO LTD 1CA 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE086280HYUNDAI GLOVIS CO LTD 1CC 561250 N/A 561250 449000 KRW No 561250 449000
KSE010620HD HYUNDAI MIPO 1CD 229062.50 N/A 229062.50 183250 KRW No 229062.50 183250
KSE001450HYUNDAI MARINE & FIRE INS CO 1CE 101093.75 N/A 101093.75 80875 KRW No 101093.75 80875
KSE035720KAKAO CORP 1CF 136406.25 N/A 136406.25 109125 KRW No 136406.25 109125
KSE034230PARADISE CO LTD 1CG 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE046890SEOUL SEMICONDUCTOR CO LTD 1CJ 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE069080WEBZEN INC 1CK 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE096530SEEGENE INC 1CL 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE022100POSCO DX CO LTD 1CN 134062.50 N/A 134062.50 107250 KRW No 134062.50 107250
KSE068270CELLTRION INC 1CP 570625 N/A 570625 456500 KRW No 570625 456500
KSE122870YG ENTERTAINMENT INC 1CQ 128281.25 N/A 128281.25 102625 KRW No 128281.25 102625
KSE051900LG H&H 1CR 1250000 N/A 1250000 1000000 KRW No 1250000 1000000
KSE002790AMOREPACIFIC GROUP 1CS 112343.75 N/A 112343.75 89875 KRW No 112343.75 89875
KSE000810SAMSUNG FIRE & MARINE INS 1CT 1032812.50 N/A 1032812.50 826250 KRW No 1032812.50 826250
KSE008930HANMI SCIENCE CO LTD 1CV 100000 N/A 100000 80000 KRW No 100000 80000
KSE021240COWAY CO LTD 1CW 172187.50 N/A 172187.50 137750 KRW No 172187.50 137750
KSE128940HANMI PHARM CO LTD 1CX 875000 N/A 875000 700000 KRW No 875000 700000
KSE018880HANON SYSTEMS 1CY 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE005830DB INSURANCE CO LTD 1D0 322500 N/A 322500 258000 KRW No 322500 258000
KSE097950CJ CHEILJEDANG CORP. 1D1 1168750 N/A 1168750 935000 KRW No 1168750 935000
KSE009240HANSSEM CO LTD 1D2 164687.50 N/A 164687.50 131750 KRW No 164687.50 131750
KSE002380KCC CORP 1D3 875000 N/A 875000 700000 KRW No 875000 700000
KSE007070GS RETAIL CO LTD 1D4 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE012750S1 CORPORATION 1D5 185312.50 N/A 185312.50 148250 KRW No 185312.50 148250
KSE000100YUHAN CORPORATION 1D6 233437.50 N/A 233437.50 186750 KRW No 233437.50 186750
KSE051600KEPCO PLANT SERVICE & ENGINE 1D7 113750 N/A 113750 91000 KRW No 113750 91000
KSE069960HYUNDAI DEPT STORE CO 1D8 155312.50 N/A 155312.50 124250 KRW No 155312.50 124250
KSE004370NONGSHIM CO LTD 1DA 1709375 N/A 1709375 1367500 KRW No 1709375 1367500
KSE079550LIG NEX1 CO LTD 1DB 540625 N/A 540625 432500 KRW No 540625 432500
KSE204320HL MANDO CO LTD 1DC 137500 N/A 137500 110000 KRW No 137500 110000
KSE004170SHINSEGAE INC 1DD 494062.50 N/A 494062.50 395250 KRW No 494062.50 395250
KSE161890KOLMAR KOREA CO LTD 1DE 213750 N/A 213750 171000 KRW No 213750 171000
KSE111770YOUNGONE CORP 1DG 106875 N/A 106875 85500 KRW No 106875 85500
KSE006650KOREA PETRO CHEMICAL IND 1DJ 453125 N/A 453125 362500 KRW No 453125 362500
KSE192820COSMAX INC 1DK 575312.50 N/A 575312.50 460250 KRW No 575312.50 460250
KSE039130HANA TOUR SERVICE INC 1DN 181875 N/A 181875 145500 KRW No 181875 145500
KSE086900MEDY-TOX INC 1DP 384375 N/A 384375 307500 KRW No 384375 307500
KSE078340COM2US CORP 1DR 119531.25 N/A 119531.25 95625 KRW No 119531.25 95625
KSE035760CJ ENM CO LTD 1DT 265937.50 N/A 265937.50 212750 KRW No 265937.50 212750
KSE056190SFA ENGINEERING CORP 1DV 90312.50 N/A 90312.50 72250 KRW No 90312.50 72250
KSE241560DOOSAN BOBCAT INC 1DW 169062.50 N/A 169062.50 135250 KRW No 169062.50 135250
KSE017800HYUNDAI ELEVATOR CO 1DY 131875 N/A 131875 105500 KRW No 131875 105500
KSE105630HANSAE CO LTD 1DZ 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE240810WONIK IPS CO LTD 1E0 111718.75 N/A 111718.75 89375 KRW No 111718.75 89375
KSE091700PARTRON CO LTD 1E3 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE041510SM ENTERTAINMENT CO LTD 1E4 254062.50 N/A 254062.50 203250 KRW No 254062.50 203250
KSE251270NETMARBLE CORP 1E5 181250 N/A 181250 145000 KRW No 181250 145000
KSE003670POSCO FUTURE M CO LTD 1E8 893750 N/A 893750 715000 KRW No 893750 715000
KSE178920PI ADVANCED MATERIALS CO LTD 1EA 108054 N/A 108054 72036 KRW No 108054 72036
KSE316140WOORI FINANCIAL GROUP INC 1EB 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE020150LOTTE ENERGY MATERIALS CORP 1ED 171875 N/A 171875 137500 KRW No 171875 137500
KSE009420HANALL BIOPHARMA CO LTD 1EE 105312.50 N/A 105312.50 84250 KRW No 105312.50 84250
KSE035900JYP ENTERTAINMENT CORP 1EF 181562.50 N/A 181562.50 145250 KRW No 181562.50 145250
KSE003410SSANGYONG C&E CO LTD 1EG 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE028670PAN OCEAN CO LTD 1EH 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE011790SKC CO LTD 1EJ 592752 N/A 592752 459250 KRW No 592752 459250
KSE000990DB HITEK CO LTD 1EK 126875 N/A 126875 101500 KRW No 126875 101500
KSE093370FOOSUNG CO LTD 1EL 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE375500DL E&C CO LTD 1ER 110000 N/A 110000 88000 KRW No 110000 88000
KSE207940SAMSUNG BIOLOGICS CO LTD 1ES 2300000 N/A 2300000 1840000 KRW No 2300000 1840000
KSE028050SAMSUNG E&A CO LTD 1ET 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE272210HANWHA SYSTEMS CO LTD 1EV 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE293490KAKAO GAMES CORP 1EX 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE247540ECOPRO BM CO LTD 1EY 653125 N/A 653125 522500 KRW No 653125 522500
KSE253450STUDIO DRAGON CORP 1EZ 126875 N/A 126875 101500 KRW No 126875 101500
KSE278280CHUNBO CO LTD 1F0 232812.50 N/A 232812.50 186250 KRW No 232812.50 186250
KSE200130KOLMAR BNH CO LTD 1F1 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE036540SFA SEMICON CO LTD 1F2 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE060250NHN KCP CORP 1F3 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE000250SAM CHUN DANG PHARM CO LTD 1F4 728364 N/A 728364 485576 KRW No 728364 485576
KSE373220LG ENERGY SOLUTION 1F5 1134375 N/A 1134375 907500 KRW No 1134375 907500
KSE323410KAKAOBANK CORP 1F6 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE377300KAKAO PAY CORP 1F7 91875 N/A 91875 73500 KRW No 91875 73500
KSE259960KRAFTON INC 1F8 829687.50 N/A 829687.50 663750 KRW No 829687.50 663750
KSE302440SK BIOSCIENCE CO LTD 1F9 166875 N/A 166875 133500 KRW No 166875 133500
KSE011200HMM CO LTD 1FA 85693.75 N/A 85693.75 68555 KRW No 85693.75 68555
KSE361610SK IE TECHNOLOGY CO LTD 1FB 142968.75 N/A 142968.75 114375 KRW No 142968.75 114375
KSE352820HYBE CO LTD 1FC 624062.50 N/A 624062.50 499250 KRW No 624062.50 499250
KSE329180HD HYUNDAI HEAVY INDUSTRIES 1FD 407500 N/A 407500 326000 KRW No 407500 326000
KSE402340SK SQUARE CO LTD 1FE 293125 N/A 293125 234500 KRW No 293125 234500
KSE326030SK BIOPHARMACEUTICALS CO LTD 1FF 248437.50 N/A 248437.50 198750 KRW No 248437.50 198750
KSE383220F&F CO LTD / NEW 1FG 208750 N/A 208750 167000 KRW No 208750 167000
KSE267250HD HYUNDAI 1FH 216562.50 N/A 216562.50 173250 KRW No 216562.50 173250
KSE271560ORION CORP/REPUBLIC OF KOREA 1FJ 304687.50 N/A 304687.50 243750 KRW No 304687.50 243750
KSE138040MERITZ FINANCIAL GROUP INC 1FK 229687.50 N/A 229687.50 183750 KRW No 229687.50 183750
KSE263750PEARL ABYSS CORP 1FL 130468.75 N/A 130468.75 104375 KRW No 130468.75 104375
KSE066970L&F CO LTD 1FM 536250 N/A 536250 429000 KRW No 536250 429000
KSE112040WEMADE CO LTD 1FN 142057.50 N/A 142057.50 101625 KRW No 142057.50 101625
KSE196170ALTEOGEN INC 1FP 1097100 N/A 1097100 731400 KRW No 1097100 731400
KSE058470LEENO INDUSTRIAL INC 1FQ 878475 N/A 878475 662500 KRW No 878475 662500
London Metals Exchange (LMEOTC)

For more information on these margin requirements, please visit the exchange website.

Exchange LMEOTC Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
LMEOTCAHHigh-Grade Primary Aluminium AH 7012.86 N/A 7012.86 5610.29 USD No 7012.86 5610.29
LMEOTCCAGrade A Copper - LME CA 27981.95 N/A 27981.95 22385.56 USD No 27981.95 22385.56
LMEOTCPBLead - LME PB 7019.89 N/A 7019.89 5615.91 USD No 7019.89 5615.91
LMEOTCSNLMETin future SN 46451.67 N/A 46451.67 37161.33 USD No 46451.67 37161.33
LMEOTCZSLMESpecial High Grade Zinc ZS 10621.85 N/A 10621.85 8497.48 USD No 10621.85 8497.48
Euronext France (MATIF)

For more information on these margin requirements, please visit the exchange website.

Exchange MATIF Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
MATIFEBMMilling Wheat Futures EBM 1760.625 N/A 1760.625 1408.50 EUR Yes 1760.625 1408.50
MATIFECOEuropean Rapeseed Future ECO 3475.00 N/A 3475.00 2780.00 EUR Yes 3475.00 2780.00
MATIFEMACorn EMA 1906.26 N/A 1906.26 1525.00 EUR No 1906.26 1525.00
Mercado Espanol de Futuros Finacial Futures & Options Exchange (MEFFRV)

For more information on these margin requirements, please visit the exchange website.

Exchange MEFFRV Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
MEFFRVIBEX35IBEX 35 Index IBX 8750.03 7000.02 12500.04 10000.03 EUR No 12500.04 10000.03
MEFFRVIBEXIBEX 35 Index Mini MIX 875.003 700.002 1250.00 1000.00 EUR Yes 1250.00 1000.00
Mexican Derivatives Exchange (MEXDER)

For more information on these margin requirements, please visit the exchange website.

Exchange MEXDER Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
MEXDERDEUAUnited States dollar DA 14463.36 N/A 14463.36 11570.68 MXN No 16851.55 13481.24
MEXDEREUROEuropean Monetary Union Euro EU 35107.87 N/A 35107.87 28086.30 MXN No 35107.87 28086.30
MEXDERIPCMexico Bolsa (IPC) Index IPC 59345.875 N/A 59345.875 47476.70 MXN Yes 2 54646.75 43717.40
MEXDERIPCMexico Bolsa (IPC) Index MIP 11869.175 N/A 11869.175 9495.34 MXN No 10929.35 8743.48
Euronext France (MONEP)

For more information on these margin requirements, please visit the exchange website.

Exchange MONEP Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
MONEPEPEUFTSE EPRA/NAREIT Euro Zone EPE 5850.30 N/A 5850.30 4680.24 EUR No 5850.30 4680.24
MONEPEPRAFTSE EPRA/NAREIT Europe EPR 5505.87 N/A 5505.87 4404.69 EUR No 5505.87 4404.69
MONEPCAC40CAC 40 FCE 4812.50 3850 6875 5500 EUR Yes 6875 5500
MONEPFEFFTSEurofirst 80 NEW FEF 16381.28 N/A 16381.28 13105.02 EUR No 16381.28 13105.02
MONEPFEOFTSEurofirst 100 NEW FEO 11926.73 N/A 11926.73 9541.38 EUR No 11926.73 9541.38
MONEPCAC40CAC 40 MFC 481.25 385 687.50 550 EUR No 687.50 550
National Stock Exchange of India (NSE)

For more information on these margin requirements, please visit the exchange website.

Exchange NSE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
NSEBANKNIFTYNifty Bank BANKNIFTY 134295.15 N/A 134295.15 107436.15 INR Yes 8903.11 7122.49
NSEEURINREuro in Indian Rupee EURINR 11277.19 N/A 11277.19 9021.75 INR No 11277.19 9021.75
NSENSEFINNSE Nifty Financial Services Index Futures FINNIFTY 160181.6 N/A 160181.6 128145.2 INR Yes 3982.21 3185.77
NSEGBPINRBritish Pounds in Indian Rupee GBPINR 13337.25 N/A 13337.25 10669.80 INR No 13337.25 10669.80
NSEJPYINRJapanese Yen in Indian Rupee JPYINR 6679.69 N/A 6679.69 5343.75 INR No 6679.69 5343.75
NSEMIDCAPSELNifty Midcap Select MIDCPNIFTY 156752.25 N/A 156752.25 125401.5 INR Yes 2078.06 1662.45
NSENIFTY50Nifty 50 NIFTY 90395.75 N/A 90395.75 72316.75 INR Yes 3592.41 2873.93
NSEUSDINRUS Dollars in Indian Rupee USDINR 10445.63 N/A 10445.63 8356.50 INR Yes 10445.63 8356.50
ICE Futures U.S. (NYBOT)

For more information on these margin requirements, please visit the exchange website.

Exchange NYBOT Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
NYBOTLRC30APRICE U.S. Conforming 30-yr Fixed Mortgage Rate Lock Weighted APR 30C 73879.87 N/A 73879.87 59103.89 USD No 73879.87 59103.89
NYBOTCCCocoa NYBOT CC 20551.27 N/A 20551.27 16441.01 USD Yes 20551.27 16441.01
NYBOTCTCotton No. 2 CT 4188.03 N/A 4188.03 3350.43 USD Yes 4188.03 3350.43
NYBOTDXNYBOT US Dollar FX DX 2954.76 N/A 2954.76 2363.80 USD Yes 2954.76 2363.80
NYBOTNYFANGNYSE FANG+ Index FNG 7071.50 N/A 7071.50 5657.20 USD No 7071.50 5657.20
NYBOTKCCoffee "C" KC 12863.94 N/A 12863.94 10291.15 USD Yes 12863.94 10291.15
NYBOTOJFC Orange Juice "A" OJ 21532.72 N/A 21532.72 17226.18 USD Yes 21532.72 17226.18
NYBOTRSCanola RS 1349.38 N/A 1349.38 1079.51 CAD No 1349.38 1079.51
NYBOTSBSugar No. 11 SB 2032.24 N/A 2032.24 1625.79 USD Yes 2032.24 1625.79
NYBOTSFSugar #16 112000 lbs SF 2123.51 N/A 2123.51 1698.81 USD No 2123.51 1698.81
New York Mercantile Exchange (NYMEX)

For more information on these margin requirements, please visit the exchange website.

Exchange NYMEX Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
NYMEXBBNYMEX Brent Financial Futures Index BB 17550 N/A 17550 13000 USD No 17550 13000
NYMEXBZBrent Crude Oil - Last Day BZ 17550 N/A 17550 13000 USD Yes 17550 13000
NYMEXCLLight Sweet Crude Oil CL 17550 N/A 17550 13000 USD Yes 17550 13000
NYMEXHHNatural Gas Last Day Financial Futures Index HH 10309.71 N/A 10309.71 8247.77 USD No 10309.71 8247.77
NYMEXHOHeating Oil HO 35154 N/A 35154 26040 USD Yes 35154 26040
NYMEXHPNatural Gas Penultimate Financial Futures Index HP 10309.71 N/A 10309.71 8247.77 USD No 10309.71 8247.77
NYMEXMCLMicro WTI Crude Oil MCL 1755 N/A 1755 1300 USD Yes 1755 1300
NYMEXMHOMicro NY Harbor ULSD MHO 3515.40 N/A 3515.40 2604 USD No 3515.40 2604
NYMEXMHNGMicro Henry Hub Natural Gas MNG 1030.97 N/A 1030.97 824.777 USD No 1030.97 824.777
NYMEXMRBMicro RBOB Gasoline MRB 3402 N/A 3402 2520 USD No 3402 2520
NYMEXNGHenry Hub Natural Gas NG 10309.71 N/A 10309.71 8247.77 USD Yes 10309.71 8247.77
NYMEXPAPalladium Index PA 91130.00 N/A 91130.00 18001.08 USD No 91130.00 18001.08
NYMEXPLPlatinum Index PL 5703.75 N/A 5703.75 4563.00 USD No 5703.75 4563.00
NYMEXQGNYMEX MINY Natural Gas Index QG 2577.43 N/A 2577.43 2061.94 USD No 2577.43 2061.94
NYMEXQMNYMEX MINY Light Sweet Crude Oil QM 8775 N/A 8775 6500 USD No 8775 6500
NYMEXRBNYMEX RBOB Gasoline Index RB 34020 N/A 34020 25200 USD Yes 34020 25200
NYMEXTTNYMEX Cotton index TT 14777.41 N/A 14777.41 11821.93 USD No 14777.41 11821.93
New York Stock Exchange/Liffe (NYSE LIFFE)

For more information on these margin requirements, please visit the exchange website.

Exchange NYSELIFFE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
NYSELIFFEM1MSAMSCI Emerging Markets Asia Net Total Return (NTR) ASN 7313.51 N/A 7313.51 5850.81 USD No 7313.51 5850.81
NYSELIFFEM1EUMSCI Europe NTR EU9 10298.04 N/A 10298.04 8238.43 USD No 10298.04 8238.43
NYSELIFFEM1JPThe MSCI Japan NTR JPP 10487.83 N/A 10487.83 8390.27 USD No 10487.83 8390.27
NYSELIFFEMXEAMSCI EAFE Index MFS 6577.97 5262.37 9397.10 7517.68 USD No 9397.10 7517.68
NYSELIFFEMXEFMSCI EMERGING MARKETS INDEX MME 3061.73 2449.38 4373.89 3499.11 USD No 4373.89 3499.11
NYSELIFFEMXUSMSCI USA Index MUN 56045.15 N/A 56045.15 44836.12 USD No 56045.15 44836.12
Nasdaq OMX - Stockholm (OMS)

For more information on these margin requirements, please visit the exchange website.

Exchange OMS Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
OMSOMXESGOMXS30 ESG Responsible Index OMXESG 27045 N/A 27045 21636 SEK No 27045 21636
OMSOMXS30OMX Index (Sweden) OMXS30 19539.64 15631.71 27913.77 22331.01 SEK Yes 27913.77 22331.01
OMSLUPEBLUPE: LUNDIN PETROLEUM AB: ADJ ORRON.FWD 997.047 N/A 997.047 797.638 SEK No 5693.23 797.638
Osaka Securities Exchange (OSE.JPN)

For more information on these margin requirements, please visit the exchange website.

Exchange OSE.JPN Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
OSE.JPNN225Nikkei 225 225 2752767.50 2202214 3932525 3146020 JPY Yes 3932525 3146020
OSE.JPNN225MNikkei 225 Mini 225M 275276.75 220221.40 393252.50 314602 JPY Yes 393252.50 314602
OSE.JPNN225MCNikkei 225 Micro 225MC 27527.675 22022.14 39325.25 31460.20 JPY No 39325.25 31460.20
OSE.JPNJPNK400JPX-Nikkei Index 400 400 149404.875 N/A 149404.875 119523.90 JPY No 148709.50 118967.60
OSE.JPNTPXC30Topix Core30 C30 121307.66 N/A 121307.66 97046.13 JPY No 121307.66 97046.13
OSE.JPNDJIAOSE Dow Jones Industrial Average DJIA 458704.26 N/A 458704.26 366963.41 JPY No 458704.26 366963.41
OSE.JPNJGBStandardized 6% 10-Year Japanese Government Bond JBL 1954642.60 N/A 1954642.60 1563714.08 JPY Yes 1864571.58 1491657.26
OSE.JPNMJMini 10 Year JGB JBLM 195464.26 N/A 195464.26 156371.41 JPY No 186457.16 149165.73
OSE.JPNTSEMOTHRTSE Growth Market 250 Index MOTH 54054.375 N/A 54054.375 43243.50 JPY No 54054.375 43243.50
OSE.JPNNKVINikkei 225 Volatility Index NVI 116875 N/A 116875 93500 JPY No 268832.87 215066.30
OSE.JPNTSEREITTSE REIT Index REIT 235163.45 N/A 235163.45 188130.76 JPY No 235163.45 188130.76
OSE.JPNTOPXTOPIX Index TPX 1500586.41 1200469.13 2143694.87 1714955.90 JPY No 2143694.87 1714955.90
OSE.JPNMNTPXJapan Mini Topix TPXM 150058.64 120046.91 214369.49 171495.59 JPY No 214369.49 171495.59
ICE Futures – Europe (QBALGOIEU)

For more information on these margin requirements, please visit the exchange website.

Exchange QBALGOIEU Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
QBALGOIEUCOIL- COIL 20492.43 N/A 20492.43 15179.58 USD No 20492.43 15179.58
QBALGOIEUGOIL- GOIL 9502.27 N/A 9502.27 7038.72 USD No 9502.27 7038.72
QBALGOIEUWTI- WTI 16672.50 N/A 16672.50 12350 USD No 16672.50 12350
ICE Futures – US (QBALGOIUS)

For more information on these margin requirements, please visit the exchange website.

Exchange QBALGOIUS Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
QBALGOIUSCC- CC 20551.27 N/A 20551.27 16441.01 USD No 20551.27 16441.01
QBALGOIUSCT- CT 4188.03 N/A 4188.03 3350.43 USD No 4188.03 3350.43
QBALGOIUSDX- DX 2954.76 N/A 2954.76 2363.80 USD No 2954.76 2363.80
QBALGOIUSKC- KC 12863.94 N/A 12863.94 10291.15 USD No 12863.94 10291.15
QBALGOIUSOJ- OJ 21532.72 N/A 21532.72 17226.18 USD No 21532.72 17226.18
QBALGOIUSSB- SB 2032.24 N/A 2032.24 1625.79 USD No 2032.24 1625.79
Singapore Exchange (SGX)

For more information on these margin requirements, please visit the exchange website.

Exchange SGX Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
SGXAJSGX Australian Dollar in Japanese Yen Futures AJ 327160.11 N/A 327160.11 261728.09 JPY No 327160.11 261728.09
SGXAUSGX Australian Dollar in US Dollar Futures AU 2248.77 N/A 2248.77 1799.01 USD No 2248.77 1799.01
SGXXINA50FTSE/Xinhua China A50 CN 1276.80 1021.44 1824 1459.20 USD No 1824 1459.20
SGXCYSGX onshore Chinese Renminbi (CNY) in US Dollar Futures CY 4309.375 N/A 4309.375 3447.50 USD No 4309.375 3447.50
SGXXIN0IFTSE China H50 FCH 4464.66 N/A 4464.66 3571.73 USD No 4464.66 3571.73
SGXSCISGX TSI Iron Ore Futures FEF 1830.83 N/A 1830.83 1464.67 USD No 1830.83 1464.67
SGXWIIDNFTSE Indonesia Index FID 1754.26 N/A 1754.26 1403.40 USD No 1754.26 1403.40
SGXFIVNM30FTSE Vietnam 30 Price Return Index FVN 812.338 N/A 812.338 649.87 USD No 812.338 649.87
SGXINRUnited States dollar INR 10443.75 N/A 10443.75 8355.00 USD No 10443.75 8355.00
SGXINXSGX USD/INR (USD) Month-end INX 10446.56 N/A 10446.56 8357.25 USD No 10446.56 8357.25
SGXIUSGX Indian Rupee in US Dollar Futures IU 2991.75 N/A 2991.75 2393.40 USD No 2991.75 2393.40
SGXSGBSGX Mini JGB Index JB 315099.81 N/A 315099.81 252079.85 JPY No 315099.81 252079.85
SGXKJSGX Korean Won in Japanese Yen Futures KJ 357343.75 N/A 357343.75 285875 JPY No 357343.75 285875
SGXKRWKorean Won KRW 4926.50 N/A 4926.50 3941.20 USD No 4926.50 3941.20
SGXKUSGX Korean Won in US Dollar Futures (Mini) KU 985.299 N/A 985.299 788.239 USD No 985.299 788.239
SGXMUCSGX USD/CNH Futures (Mini) MUC 6768.375 N/A 6768.375 5414.70 CNH No 6768.375 5414.70
SGXNKYDIVNikkei Stock Average Dividend Point Index ND 2081999.97 N/A 2081999.97 1395599.98 JPY No 2081999.97 1395599.98
SGXSGXNKSGX: Nikkei 225 NK 1017318.75 813855 1453312.50 1162650 JPY Yes 1453312.50 1162650
SGXSGXNKMSGX: NIKKEI 225 Mini NS 203463.75 162771 290662.50 232530 JPY No 290662.50 232530
SGXN225USGX: USD Nikkei 225 Index NU 47565.00 N/A 47565.00 38052.00 USD No 47565.00 38052.00
SGXSSGMSCI Singapore Free Index SGP 1363.25 1090.60 1947.50 1558.00 SGD Yes 2 1947.50 1558.00
SGXSNDSGX US Dollar in Singapore Dollar Futures (Full-Sized) SND 5166.37 N/A 5166.37 4133.10 SGD No 5166.37 4133.10
SGXSTISGX Straits Times Index ST 4785.56 N/A 4785.56 3828.45 SGD No 4785.56 3828.45
SGXTDSGX Taiwan Dollar in US Dollar Futures (Mini) TD 2708.39 N/A 2708.39 2165.71 USD No 2708.39 2166.71
SGXTSR20SICOM Rubber TF 804.676 N/A 804.676 643.741 USD No 804.676 643.741
SGXSGXTUSGX Thai baht in US Dollar Futures TU 1337.63 N/A 1337.63 1070.10 USD No 1337.63 1070.10
SGXTWDSGX Taiwan Dollar in US Dollar Futures (Full-Sized) TWD 8125.16 N/A 8125.16 6500.13 USD No 8125.16 6500.13
SGXTWNFTSE Taiwan RIC Capped Price Return TWD Index TWN 2608.13 2086.50 3725.90 2980.72 USD No 3725.90 2980.72
SGXUCSGX US Dollar in offshore Chinese Renminbi (CNH) UC 27073.50 N/A 27073.50 21658.80 CNH Yes 27073.50 21658.80
SGXUJSGX US Dollar in Japanese Yen Futures (Titan) UJ 8503719.36 N/A 8503719.36 6802975.49 JPY No 8503719.36 6802975.49
SGXUSSGX US Dollar in Singapore Dollar (Mini) Futures US 1291.59 N/A 1291.59 1033.27 SGD No 1291.59 1033.27
SGXUYSGX US Dollar in Japanese Yen Futures (Standard) UY 1700743.87 N/A 1700743.87 1360595.10 JPY No 1700743.87 1360595.10
SGXC52COMFORTDELGRO CORP LTD YCDD 1257.97 N/A 1257.97 1006.38 SGD No 1257.97 1006.38
SGXD05DBS GROUP HOLDINGS LTD YDBS 3697.44 N/A 3697.44 2957.95 SGD No 3697.44 2957.95
SGXG13GENTING SINGAPORE LTD YGEN 821.433 N/A 821.433 657.145 SGD No 821.438 657.15
SGXBN4KEPPEL LTD YKEP 3731.66 N/A 3731.66 2985.33 SGD No 3731.66 2985.33
SGXO39OVERSEA-CHINESE BANKING CORP YOCB 5364.21 N/A 5364.21 4291.36 SGD No 5364.21 4291.36
SGXZ74SINGAPORE TELECOMMUNICATIONS YSTT 2401.41 N/A 2401.41 1921.12 SGD No 2401.41 1921.12
SGXY92THAI BEVERAGE PCL YTBE 901.238 N/A 901.238 720.99 SGD No 901.227 720.98
SGXU11UNITED OVERSEAS BANK LTD YUOB 5776.33 N/A 5776.33 4621.06 SGD No 5776.33 4621.06
SGXF34WILMAR INTERNATIONAL LTD YWIL 2889.57 N/A 2889.57 2311.66 SGD No 2889.58 2311.66
SGXBS6YANGZIJIANG SHIPBUILDING YYZJ 21753.88 N/A 21753.88 4906.70 SGD No 6133.39 4906.71
SGXIBULHSGFIINDIABULLS HOUSING FINANCE L ZIHF 250 N/A 250 200 USD No 250 200
SGXYESBANKYES BANK LTD ZYES 125 N/A 125 100 USD No 125 100
The Small Exchange (SMFE)

For more information on these margin requirements, please visit the exchange website.

Exchange SMFE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
SMFE10YSMESmall 10YR US Treasury Yield S10Y 790.764 N/A 790.764 632.611 USD No 790.764 632.611
SMFE2YSMESmall 2YR US Treasury Yield S2Y 740.942 N/A 740.942 592.753 USD No 740.942 592.753
SMFE30YSMESmall 30YR US Treasury Yield S30Y 657.668 N/A 657.668 526.134 USD No 657.668 526.134
ASX24 (SNFE)4

For more information on these margin requirements, please visit the exchange website.

Exchange SNFE Underlying Product description Trading Class Intraday Initial 1 Intraday Maintenance 1 Overnight Initial Overnight Maintenance Currency Has Options Short Overnight Initial Short Overnight Maintenance
SNFESPIS&P/ASX 200 Index (Australia) AP 13846.08 11076.86 19780.11 15824.09 AUD Yes 19780.11 15824.09
SNFEIB30 Day Interbank Cash Rate IB 812.585 N/A 812.585 650.068 AUD No 812.585 650.068
SNFEIR90 Day Bills IR 2752.39 N/A 2752.39 2201.91 AUD No 2752.39 2201.91
SNFEXT10 Year Treasury Bond 6% XT 3556.25 N/A 3556.25 2845.00 AUD No 3556.25 2845.00
SNFEYT3 Year Treasury Bond 6% YT 1308.77 N/A 1308.77 1047.02 AUD No 1308.77 1047.02

Futures - Intraday Margin Requirements


Intraday Futures Margin and Futures Options Hours

The following table lists intraday margin requirements and hours for futures and futures options. Each day at 'Intraday End Time' the futures contract will revert back to the full overnight margin requirement until the 'Intraday Start Time' the next day. Margin requirements will always be applied at 100% for spread transactions. If an account holds futures, futures options for US products, or future and index options for European products on the same underlying, intraday margin does not apply.


Exchange Symbol Description Intraday Start Time4 Intraday End Time4
Exchange Symbol Description Intraday Start Time4 Intraday End Time4
Exchange Symbol Description Intraday Start Time4 Intraday End Time4
Exchange Symbol Description Intraday Start Time5 Intraday End Time5
Exchange Symbol Description Intraday Start Time4 Intraday End Time4
Exchange Symbol Description Intraday Start Time4 Intraday End Time4
Exchange Symbol Description Intraday Start Time4 Intraday End Time4
Exchange Symbol Description Intraday Start Time4 Intraday End Time4
Exchange Symbol Description Intraday Start Time4 Intraday End Time4

Maintenance Margin Minimums

Futures:
50 USD /contract


Short Options:
50 USD/contract for 100 delta units
25 USD/contract for 0 delta units

Minimums for deltas between 100 and 0 will be interpolated based on the above schedule. Eurex contracts always assume a delta of 100.

Initial Margin Minimums

125% of Maintenance Margin


Notes

  • 4. The times listed in 'Intraday Start Time' and 'Intraday End Time' columns are shown in local exchange time.


Risk Margin Overview


What is risk based margining?

A risk based margin system evaluates your portfolio to set your margin requirements. The risk valuations of your positions are created using simulated market movements that anticipate possible outcomes. As a result, a more accurate margin model is created, allowing the investor to increase their leverage.


How are correlated risks offset?

Within a group of positions with the same underlying, 100% of the gain at any one valuation point is allowed to offset another positions loss at the same valuation point.

Example: An account holds a long stock position in stock ABC and a long put option contract in ABC. If a theoretical worst case scenario causes the underlying asset to drop 15%, then the loss that on the long stock position would be offset by the gain on the long put position.


What are my eligibility requirements?

Eligibility requirements vary according to the investor’s personal information, region, and exchange.


What positions are eligible?

All positions in margin equity securities (including foreign equity securities and options on foreign equity securities, listed options on an equity security or index of equity securities, security futures products, unlisted derivatives on an equity security or index of equity securities, warrants on an equity security or index of equity securities, broad-based index futures, and options on broad-based index futures.




Portfolio Margin

Under SEC-approved Portfolio Margin rules and using our real-time margin system, our customers are able in certain cases to increase their leverage beyond Reg T margin requirements. For decades margin requirements for securities (stocks, options and single stock futures) accounts have been calculated under a Reg T rules-based policy. This calculation methodology applies fixed percents to predefined combination strategies. With Portfolio Margin, margin requirements are determined using a "risk-based" pricing model that calculates the largest potential loss of all positions in a product class or group across a range of underlying prices and volatilities. This model, known as the Theoretical Intermarket Margining System ("TIMS"), is applied each night to U.S. stocks, OCC stock and index options and U.S. single stock futures positions by the federally-chartered Options Clearing Corporation("OCC") and is disseminated by the OCC to participating brokerage firms each night. The minimum margin requirement in a Portfolio Margin account is static during the day because the OCC only disseminates the TIMS parameter requirements once per day.

However, Portfolio Margin compliance is updated by us throughout the day based on the real-time price of the equity positions in the Portfolio Margin account. Please note, at this time, Portfolio Margin is not available for U.S. commodities futures and futures options, U.S. bonds, Mutual Funds, or Forex positions, but U.S. regulatory bodies may consider inclusion of these products at a future date.

Portfolio or risk based margin has been utilized for many years in both commodities and many non-U.S. securities markets, with great success. Dependent upon the composition of the trading account, Portfolio Margin may require a lower margin than that required under Reg T rules, which translates to greater leverage. Trading with greater leverage involves greater risk of loss. There is also the possibility that, given a specific portfolio composed of positions considered as having higher risk, the requirement under Portfolio Margin may be higher than the requirement under Reg T. Part of the reasoning behind the creation of Portfolio Margin is that the margin requirements would more accurately reflect the actual risk of the positions in an account. Thus, it is possible that, in a highly concentrated account, a Portfolio Margin approach may result in higher margin requirements than under Reg T. One of the main goals of Portfolio Margin is to reflect the lower risk inherent in a balanced portfolio of hedged positions. Conversely, Portfolio Margin must assess proportionately larger margin for accounts with positions which represent a concentration in a relatively small number of stocks.



Portfolio Margin Eligibility


Customers must meet the following eligibility requirements to open a Portfolio Margin account:

  • An existing account must have at least USD 110,000 (or USD equivalent) in Net Liquidation Value to be eligible to upgrade to a Portfolio Margin account (in addition to being approved for uncovered option trading). Existing customers may apply for a Portfolio Margin account on the Account Type page in Account Management at any time and your account will be upgraded upon approval. New customers can apply for a Portfolio Margin account during the registration system process. It should be noted that if your account drops below USD 100,000 you will be restricted from doing any margin-increasing trades. Therefore if you do not intend to maintain at least USD 100,000 in your account, you should not apply for a Portfolio Margin account.
  • New customer accounts requesting Portfolio Margin may take up to 2 business days (under normal business circumstances) to have this capability assigned after initial account approval. It should be noted that if your account is subsequently funded with less than USD 100,000 in Net Liquidation Value (or USD equivalent), you will be restricted from doing any margin-increasing trades until the Net Liquidation Value exceeds USD 100,000. Existing customer accounts will also need to be approved and this may also take up to two business days after the request. Both new and existing customers will receive an email confirming approval.
  • Those institutions who wish to execute some trades away from us and use us as a prime broker will be required to maintain at least USD 6,000,000 (or USD equivalent).
  • Customers in Canada are not eligible for Portfolio Margin accounts due to IDA restrictions. In addition, all Canadian stock, stock options, index options, European stock, and Asian stock positions will be calculated under standard rules-based margin rules so Portfolio Margin will not be available for these products.
  • Non-U.S. Omnibus Broker (Long Position/Short Position) accounts are not eligible for Portfolio Margin accounts.
  • Accounts reporting equity below the $100,000 minimum will be subject to a margin surcharge, the effect of which will be to gradually transition the account to margin levels approximating those of the Reg. T methodology as equity continues to decline.

Portfolio Margin Mechanics


Under Portfolio Margin, trading accounts are broken into three component groups: Class groups, which are all positions with the same underlying; Product groups, which are closely related classes; and Portfolio groups, which are closely related products. Examples of classes would include IBM, SPX, and OEX. A product example would be a Broad Based Index composed of SPX, OEX, etc. A portfolio could include such products as Broad Based Indices, Growth Indices, Small Cap Indices, and FINRA Indices.

The portfolio margin calculation begins at the lowest level, the class. All positions with the same class are grouped and stressed (underlying price and implied volatility are changed) together with the following parameters:

  • A standardized stress of the underlying.
    • For stock, equity options, narrow based indices and single stock futures, the stress parameter is plus or minus 15%, with eight other points within that range.
    • For U.S. market small caps and FINRA market indices the stress parameter is plus 10%, minus 10% as well as eight other points in-between.
    • For Broad Based Indices and Growth indices the stress parameter is plus 6%, minus 8% as well as eight other points in-between.
  • A market-based stress of the underlying based on historical moves in Bloomberg pricing data.
  • For Broad Based Indices the implied volatility factor is increased 75% and decreased by 75%.
  • For all other classes, the implied volatility for each options class is increased by 150% and decreased by 150%

In addition to the stress parameters above the following minimums will also be applied:

  • Classes with large single concentrations will have a margin requirement of 30% applied to the concentrated position.
  • A $0.375 multiplied by the index per contract minimum is computed.
  • The same special margin requirements for OTCBB, Pink Sheet and low cap stocks that apply under Reg T, will still apply under Portfolio Margin.
  • Initial margin will be 110% of Maintenance Margin.

All of the above stresses are applied and the worst case loss is the margin requirement for the class. Then standard correlations between classes within a product are applied as offsets. As an example, within the Broad Based Index product 90% offset is allowed between SPX and OEX. Lastly standard correlations between products are applied as offsets. An example would be a 50% offset between Broad Based Indices and Small Cap Indices. For stocks and Single Stock Futures offsets are only allowed within a class and not between products and portfolios. After all the offsets are taken into account all the worst case losses are combined and this number is the margin requirement for the account. For a complete list of products and offsets, see the Appendix-Product Groups and Stress Parameters section at the end of this document.

Our real-time, intra-day margining system enables us to apply the Day Trading Margin Rules to Portfolio Margin accounts based on real-time equity, so Pattern Day Trading Accounts will always be able to trade based on their full, real-time buying power.

Because of the complexity of Portfolio Margin calculations it would be extremely difficult to calculate margin requirements manually. We encourage those interested in Portfolio Margin to use our TWS Portfolio Margin Demo to understand the impact of Portfolio Margin requirement under different scenarios.

Click here for the OCC's published list of Product Groups and Offset Parameters.



Additional US Margin Requirements

For Residents of the United States:

Use the following links to view other margin requirements:

Stocks

Options

SSF - Single Stock Futures

Fixed Income


You can change your location setting by clicking here


Further Reading


See the following special articles and links, which describe important information on futures/options risk management and financial controls:

To learn more about trading on margin, go to our Education Center:

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Disclosures
  1. Cash accounts and IRA accounts (both cash and margin type) are not afforded intraday margin rates.
  2. Long positions only.
  3. Margin requirements for HHI.HK futures positions larger than 1,000 contracts on HKFE are double the normal HHI.HK margin requirements.

  • If you are not an India resident, you need to have Non Resident Indian ("NRI") status in order to trade India derivatives.
  • Interactive Brokers Australia currently offers margin lending to all clients EXCEPT Self- managed Superannuation Fund account holders ("SMSF"). Click here for more information. For clients of Interactive Brokers Australia who are classified as retail, margin loans will be capped at AUD $50,000 (subject to change in IBKR Australia’s sole discretion). Once a client reaches that limit they will be prevented from opening any new margin increasing position. However, how much a client can borrow depends on a number of factors, including: the value of the money or assets contributed by the client as security; which financial products the client chooses to invest in, as we lend different amounts for different products under our risk-based model; and the maintenance margin requirement for the client’s portfolio. Once a client reaches their borrowing limit they will be prevented from opening any new margin increasing position. Closing or margin-reducing trades will be allowed. Refer to this link for information regarding margin accounts offered by IBKR Australia.