Futures Margins

Monthly Symbols
Jan	Feb	Mar	Apr	May	Jun
F	G	H	J	K	M

Jul	Aug	Sep	Oct	Nov	Dec
N	Q	U	V	X	Z

Margins - Currencies
Contract	Symbol	Exchange	Initial Margin	Day Margin
Australian Dollar	6A	CME	$3,375	$675
Brazilian Real	6L	CME	$4,200	$2,100
British Pound	6B	CME	$2,700	$900
British Pound/Japanese Yen Cross Rate	PJY	CME	¥1,350,000	¥1,350,000
Canadian Dollar	6C	CME	$2,430	$500
Chinese Renminbi	RMB	CME	$1,215	$1,215
E-Mini Euro FX	E7	CME	$2,025	$500
E-mini Japanese Yen	J7	CME	$2,025	$500
Euro FX Currencies	6E	CME	$3,375	$900
Euro FX/BP Cross	RP	CME	£3,375	£3,375
Euro FX/JY Cross	RY	CME	¥810,000	¥810,000
Euro FX/SF Cross	RF	CME	CHF. 3375	CHF. 3375
Japanese Yen	6J	CME	$4,050	$900
Korean Won	KRW	CME	$6,075	$6,075
Mexican Peso	6M	CME	$2,500	$2,500
E-Micro AUD/USD	M6A	CME	$338	$338
E-Micro GBP/USD	M6B	CME	$270	$270
E-Micro USD/CAD	M6C	CME	CA$286	CA$286
E-Micro Euro/USD	M6E	CME	$405	$200
E-Micro USD/JPY	M6J	CME	¥14,621	$275
Micro Swiss Franc	M6S	CME	CHF. 398	CHF. 199
New Zealand Dollar	6N	CME	$2,700	$1,350
Russian Ruble	6R	CME	$6,750	$1,500
South African Rand	6Z	CME	$4,050	$4,050
Swedish Krona	SEK	CME	$13,500	$13,500
Swiss Franc	6S	CME	$2,430	$400
Turkish Lira - Euro	TRE	CME	TRY33,750	TRY33,750
Turkish Lira - USD	TRY	CME	TRY42,188	TRY42,188
US Dollar Index	DX-M	ICE	$1,596	$850

Margins - Energies
Contract	Symbol	Exchange	Initial Margin	Day Margin
Crude Oil	GCL	NYMEX	$5,400	$1,500
Heating Oil	GHO	NYMEX	$5,063	$2500
ICE Brent Crude Futures Monthly	NSEA-M	ICE	$4,000	$2,500
ICE Gasoil Futures	ARA-M	ICE	$3,200	$3,000
miNY Crude Oil	QM	NYMEX	$2,700	$1,000
miNY Heating Oil	QH	NYMEX	$3,375	$1,700
miNY Natural Gas	QG	NYMEX	$1,688	$1,200
miNY RBOB Gasoline	QU	NYMEX	$3,375	$1,800
Natural Gas	GNG	NYMEX	$6,750	$4,300
RBOB Gasoline	GRB	NYMEX	$6,075	$3,030

Margins - Financials
Contract	Symbol	Exchange	Initial Margin	Day Margin
10 Yr US T-Note	ZN	CME	$2,025	$400
2 Yr T-Note	ZT	CME	$810	$473
30 Yr US T-Bonds	ZB	CME	$3,240	$500
5 Yr T-Note	ZF	CME	$1,080	$300
Euro Dollar	GE	CME	$1,283	$500
Euro Bobl	FGBM	EUREX	800€	$350
Euro Bund	FGBL	EUREX	1400€	$300
Long Gilt	GLTL	LIFFE	$2,500	$500
Euro Schatz	FGBS	EUREX	350€	$350
Short Sterling	STERL	LIFFE		$622
Three-Month Euribor	FEU3	LIFFE	775€	$600
10 Year Interest Rate Swap	SR	CME	$2,565	$2,565

Margins - Grains
Contract	Symbol	Exchange	Initial Margin	Day Margin
Corn	ZC	CME	$1,148	$500
Hard Red Winter Wheat	KE	KCBT	$1,875	$950
Mini Corn	YC	CME	$230	$135
Mini Soybeans	YB	CME	$540	$122
Mini Wheat	YW	CME	$270	$110
Oats	ZO	CME	$1,148	$500
Rough Rice	ZR	CME	$1,080	$900
Soybean Oil	ZL	CME	$945	$425
Soybeans	ZS	CME	$2,700	$500
Soymeal	ZM	CME	$1,350	$746
Wheat	ZW	CME	$3,375	$500

Margins - Indices
Contract	Symbol	Exchange	Initial Margin	Day Margin
Big DJIA ($25 multiplier)	DD	CME	$32,500	$7,000
CAC 40	FCE	LIFFE	$3,557	$1,000
DAX	FDAX	EUREX	$14,269.91	$3,100
DJ Euro STOXX 50	FESX	EUREX	3150€	500€
DJ STOXX 50	FSTX	EUREX	2700€	500€
E-Mini NASDAQ	NQ	CME	$3,500	$500*
E-Mini S&P	ES	CME	$5,625	$500*
E-mini S&P MIDCAP 400	EMD	CME	$7,500	$500
FTSE 100	FTSE	LIFFE	£4105	£650
FTSE250	FTSE250	LIFFE	£5,180	£2,590
Mini Dow	YM	CME	$6,500	$500*
Mini Russell 2000	TF	ICE	$4,000	$500*
MSCI Euro Index Futures	MSCI	LIFFE	$1,016	$508
NASDAQ	ZND	CME	$17,500	N/A
Nikkei 225	NKD	CME	$6,250	$2,500
S&P 500	ZSP	CME	$28,125	N/A
S&P Midcap 400	ZMD	CME	$37,500	N/A
S&P/MIB		IDEM		3,500€
CAC 40 Index		EUREX		1000€
SMI Futures		EUREX		CHF 2000
Yen-Based Nikkei		CME		$2,684

Margins - Meats
Contract	Symbol	Exchange	Initial Margin	Day Margin
Feeder Cattle	GF	CME	$1,350	$1,000
Lean Hog	HE	CME	$1,418	N/A
Live Cattle	LE	CME	$1,080	$810
Pork Bellies	GPB	CME	$1,620	N/A

Margins - Metals
Contract	Symbol	Exchange	Initial Margin	Day Margin
Aluminum	GAL	NYMEX	$3,038	$1,519
Asian Gold	QS	NYMEX	$1,447	$723.50
Asian Palladium	QT	NYMEX	$441	$220.50
Asian Platinum	QR	NYMEX	$1,929	$964.50
COMEX Gold	GGC	NYMEX	$5,739	$1,500
COMEX miNY Copper	QC	NYMEX	$3,038	$1,519
COMEX miNY Gold	QO	NYMEX	$2,250	$1,125
COMEX miNY Silver	QI	NYMEX	$2,700	$1,350
COMEX Silver	GSI	NYMEX	$5,400	$1,500
Copper	GHG	NYMEX	$6,075	$3,037.50
Mini Gold	XGN	NYMEX	$1,485	$742.50
Mini Silver	XSN	NYMEX	$1,080	$540
Gold	ZG	NLI	$4,994	$2,497
Mini Gold	ZYG	NLI	$1,665	$832.50
Mini Silver	YI	NLI	$1,350	$675
Palladium	GPA	NYMEX	$2,362	$1,890
Platinum	GPL	NYMEX	$6,075	$3,071
Silver	ZI	NLI	$6,750	$3,375
Uranium	UX	NYMEX	$2,200	$1,100
E-Mini Silver		CME		$183
CBOT Gold 100 Oz.		CME		$1,800
E-Mini Gold		CME		$304
NYMEX Copper		ICE		$4,252
CBOT Silver 5,000 Oz.		CME		$2,000

Margins - Softs
Contract	Symbol	Exchange	Initial Margin	Day Margin
Canola Oil	RS2-M	ICE	CHF. 405	CHF. 202.5
Cocoa	CC-M	ICE	$2,520	$950
Cocoa	COA	LIFFE	$1,700	$850
Coffee	KC-M	ICE	$3,640	$1,820
Cotton	CT-M	ICE	$2,100	$1,050
Cotton	TT	NYMEX	$2,200	$950
Deliverable Nonfat Dry Milk	GNP	CME	$1,282	$641
Lumber	LBS	CME	$1,650	$825
Milk Class III	DA	CME	$1,000	$500
Orange Juice	OJ-M	ICE	$1,680	$700
Raw Sugar	RSU	LIFFE	$1,456	$728
Robusta Coffee	COF10	LIFFE	$1,000	$500
Robusta Coffee	KR-M	ICE	$1,500	$750
Sugar No. 11	SB-M	ICE	$2,520	$500
Western Barley	AB-M	ICE	$162	$81
White Sugar	WSG	LIFFE	$2,250	$1,125

Margin Restrictions and Additional Information

*$500 Day Trading Margins on the E-Mini S&P, E-Mini NASDAQ, Mini Russell and Mini Dow Jones $5 is valid up to 50 contracts (retail accounts only). The day trading margins on these contracts is $1,000 for 50 to 100 contracts. Trading more than 100 contracts requires additional margin.

Please note: If your account is on a margin call from the previous day's close of business, day trading margins will not be available for the next day.

The margins listed on this page are for informational purposes only and are subject to change at any time without notice. Please consult your broker or our margin department if you need to verify the margin requirement.

Margins may differ according to your clearing firm. Please consult your broker to confirm the current margins for your account.