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CME CME Group Inc

210.94
-1.60 (-0.75%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CME Group Inc NASDAQ:CME NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.60 -0.75% 210.94 209.50 211.75 212.40 209.635 211.92 1,353,130 21:30:17

CME Cuts Trading Margins on Copper Futures by 3.7%

21/08/2014 9:46pm

Dow Jones News


CME (NASDAQ:CME)
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   By Tatyana Shumsky 
 

NEW YORK--Exchange operator CME Group Inc. (CME) reduced the amount of collateral required to trade the benchmark copper futures contract on Thursday.

The CME, which owns the Comex division of the New York Mercantile Exchange, trimmed copper margins by 3.7% at close of trading Monday, in a notice emailed Thursday afternoon.

Speculative investors in the benchmark 25,000-pound copper contract can now deposit $2,860 to open a position and maintain $2,600 of that to keep that position overnight. That's down from the previous initial margin of $2,970 and maintenance margin of $2,700.

The initial and maintenance margin requirements for producers or consumers of copper have been reduced to $2,600 from $2,700.

The CME said the changes came as part of a normal review of market volatility.

Write to Tatyana Shumsky at tatyana.shumsky@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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