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Lee,
A BD account is an account with a Broker/dealer.
-----Original Message-----
From: LScharpen@xxxxxxx [mailto:LScharpen@xxxxxxx]
Sent: Monday, April 21, 2003 7:31 PM
To: cwest@xxxxxxxxxxxx
Cc: omega-list@xxxxxxxxxx
Subject: Re: margin requirements
In a message dated 4/21/03 6:14:39 PM Pacific Daylight Time,
cwest@xxxxxxxxxxxx writes:
<< If I'm reading the CME product specs correctly, the exchange margin
requirements for the following are:
SP0306 17,813
ES0306 3,563
Generally what is an average IB's margin requirements?
I'd also appreciate any suggestions for online orders thru an FCM that'll
consider account equity in a BD account to satisfy margin requirements.
>>
Colin,
I trade with Price Group, an IB in Chicago. My margin requirements there
are
the same as those you list. I have heard that the margin requirement for an
IB depends on the finanicial 'health' of the IB but I have no idea what that
means in terms of the actual margin they might require.
You mention equity in a BD account. I haven't seen or heard the term "BD
account" before or maybe I'm just having a 'senior moment'. Just what might
that be?
Lee Scharpen
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