Traders using the tiered commission structure for futures may be subject to an overnight carrying fee, which is relative to the account's level of excess equity. Customers on the fixed structure for futures are not subject to this fee.
Overnight position charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight.
Accounts maintaining excess equity above 3x the margin requirements will not be charged an overnight position fee, however accounts maintaining excess equity levels between the minimum and 3x will have this fee interpolated. Excess equity is defined as (equity in equity segment + equity in commodity segment) - (margin in equity segment + margin in commodity segment).
The applicable rates may be found in the Commission section of our website.