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CME Raises Copper Margins Substantially
Posted: 10/03/11
By: tomgrisafi
On Monday, CME Group announced its decision to raise margin requirements for trading copper and platinum futures contracts.
As the metals have grown a more volatile trade, pressure has mounted on the CME to keep some of that volatility in check with increased margin requirement.
The changes, according to the announcement, go into effect for Tuesday's session.
As it now stands, initial requirements for copper contracts on the Comex division will sit at $7,763 per contract, up from $6,750. Meanwhile, maintenance margins climbed to $5,750 each contract from $5,000.
For platinum futures on Nymex, initial requirements are now $4,950 per contract, up from $3,850, and maintenance margins simultaneously spiked to $4,500 each from $3,500.
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