|
PureBytes Links
Trading Reference Links
|
this should affect the speculative crowd this morning forcing shorts to
cover and longs to sell.
Earl
----- Original Message -----
From: <support@xxxxxxxxxx>
To: <eadamy@xxxxxxxxxx>
Sent: Friday, April 14, 2000 2:25 PM
Subject: Important Notice
> IMPORTANT NOTICE
>
> To: LFG Affiliates
>
> April 14, 2000
>
> From: Charles Starnes
>
> Re: Stock Index Margins
> ________________________________________________________________
>
> Effective immediately, the margins for the Nasdaq 100 are set at
$60,000
> initial, $45,000 maintenance and for the E-Mini Nasdaq 100 at $12,000
> initial and $9,000 maintenance.
>
> ADDITIONALLY, WE ARE NOW REQUIRING THAT ANY CUSTOMER INITIATING A
POSITION
> IN ANY STOCK INDEX CONTRACT HAVE FULL MARGIN EXCESS IN THE ACCOUNT AT
THE
> TIME OF THE TRADE IS INITIATED, EVEN (ESPECIALLY) INTRA-DAY.
>
> While we recognize that this is an extreme position, we feel that the
> volatility of the markets warrants these measures for the protection
of
> customers, affiliates, and the firm.
>
>
|