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Greetings!
From our friends at: www.TradeTheNews.com
Elections and Margins note:
With elections taking place, most of our FCMs ( clearing firms) raised the daytrading margins to either 50% or 100% of the overnight level.
This is currently not affecting Transact and Shogun users.
An example may be that you could normally day trade crude oil with $800 per contract but for Tonight through Wednesday morning you will need either full margin in the amount of approximately $4,000 or 50% which will be $2,000.
Not all software and clearing houses did so but we recommend you contact your broker to find out exactly what your margins are set at. This is a temporary increase ahead of anticipated volatility.
In my opinion this will help you protect yourself just as much as it does the firm….
