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Trading Margins

Equity Indices

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
E-Mini S&P 500	ES	CME	$1,100	$5,625	$4,500	$38	$50 x Index	.25 =$12.50	Indices
E-Mini NASDAQ 100	NQ	CME	$700	$3,500	$2,800	$40	$20 x Index	.25 = $5.00	Indices
Mini Dow Jones $5	YM	CME	$1,000	$6,500	$5,200	$60	$5 x Index	1pt. = $5.00	Indices
E-Mini S&P Midcap 400	EMD	CME	$1,500	$7,500	$6,000	$80	$100 x Index	.10 = $10.00	Indices
E-mini NASDAQ Composite	QCN	CME	$800	$4,000	$3,200	$250	$20 x Index	.50 = $10.00	Indices
Euro Based E-mini S&P 500	EME	CME	€2,475	€6,188	€4,950	€38	€50 x Index	.25 = €12.50	Indices
S&P 500 (Full Size)	SP	CME	$9,000	$30,938	$24,750	$150	$250 x Index	.10 = $25	Indices
NASDAQ 100 (Full Size)	ND	CME	$5,500	$20,000	$16,000	$125	$100 x Index	.25 = $25.00	Indices
Dow Jones $10	ZD	CME	$2,802	$7,005	$5,604	$25	$10 x Index	1pt. = $10.00	Indices
Dow Jones $25 (Big Dow)	DD	CME	$7,005	$17,513	$14,010	$25	$25 x Index	1pt. = $25.00	Indices
S&P Midcap 400 (Full Size)	EMD	CME	$8,000	$33,750	$27,000	$50	$500 x Index	.05 = $25.00	Indices
Nikkei 225 ($)	NKD	CME	$2,000	$6,250	$5,000	$100	$5 x Index	1pt. = $5.00	Indices
Nikkei 225 (¥)	NIY	CME	¥235,000	¥625,000	¥500,000	¥20,000	¥500 x Index	.05 = ¥25	Indices
E-mini MSCI EAFE	EFE	CME	$2,500	$11,250	$9,000	$125	$50 x Index	0.10 = $5.00	Indices
E-mini MSCI Emerging Markets	EMI	CME	$2,500	$6,250	$5,000	$125	$50 x Index	0.10 = $5.00	Indices
DJ-AIG Commodity Index ER.	AW	CME	$550	$1,350	$1,100	$135	$100 x Index	.1 pt. = $10.00	Indices
PIMCO SPTR TRAKRS Index	PST	CME	$3	$4	$3	-	$1 x Index	.01 = $.01	Indices
Rogers Intl. Comdty. TRAKRS	RCI	CME	$4	$5	$4	-	$1 x Index	.01 = $.01	Indices
Russell 2000 (Full Size)	TO	ICE	$7,500	$18,750	$15,000	$250	$500 x Index	.05 = $25	Indices
Mini Russell 2000	TF	ICE	$1,000	$5,000	$4,000	$50	$100 x Index	.10 = $10.00	Indices
Russell 1000 (Full Size)	R	ICE	$6,500	$16,250	$13,000	$250	$500 x Index	.05 = $25	Indices
Mini Russell 1000	RF	ICE	$1,300	$3,250	$2,600	$50	$100 x Index	.05 = $5	Indices
Continuous Commodity Index (CCI)	CI	ICE	$3,000	$6,000	$6,000	$500	$500 x Index	.05 = $25	Indices
Revised NYSE Comp.	YU	ICE	$7,750	$15,500	$15,500	$250	$50 x Index	.50 = $25	Indices
DJ Euro Stoxx 50	FESX	EUREX	€700	€3,488	€2,790	€47	€10 x Index	1 pt. = €10.00	Indices
Dax	FDAX	EUREX	€3,400	€17,319	€13,855	€98	€25 x Index	.5 = €12.50	Indices
FTSE 100	Z	LIFFE	£620	£3,094	£2,475	£95	€10 x Index	.5 = €5.00	Indices
CAC 40 Index	PIL	MATIF	€625	€3,125	€2,500	€400	€10 x Index	.5 = €5.00	Indices
S&P/MIB	SPMIB	IDEM	€3,260	€16,396	€13,117	€130	€5 x Index	5 pts. = €25	Indices
Mini S&P/MIB	MINI	IDEM	€650	€3,279	€2,623	€26	€1 x Index	5 pts. = €5	Indices

Currencies

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
Euro FX	EC	CME	$1,100	$3,105	$2,300	$75	€125,000	.0001 = $12.50	Currencies
E-Mini Euro FX	E7	CME	$610	$1,553	$1,150	$19	€62,500	.0001 = $6.25	Currencies
Australian Dollar	AD	CME	$675	$2,160	$1,600	$50	A$100,000	.0001 = $10.00	Currencies
British Pound	BP	CME	$950	$2,025	$1,500	$50	£62,500	.0001 = $6.25	Currencies
Canadian Dollar	CD	CME	$500	$2,363	$1,750	$50	C$100,000	.0001 = $10.00	Currencies
Japanese Yen	JY	CME	$1,150	$3,375	$2,500	$25	¥12,500,000	.000001 = $12.50	Currencies
E-Mini Japanese Yen	J7	CME	$610	$1,890	$1,400	$25	¥6,250,000	.000001 = $6.25	Currencies
Swiss Franc	SF	CME	$600	$2,700	$2,000	$50	SF 125,000	.0001 = $12.50	Currencies
New Zealand Dollar	NE	CME	$700	$1,890	$1,400	$50	NZ$100,000	.0001 = $10.00	Currencies
Russian Ruble	RU	CME	$1,000	$3,000	$2,000	$2,000	RR 2,500,000	.00001 = $25.00	Currencies
Mexican Peso	MP	CME	$750	$1,875	$1,500	$100	MP 500,000	.000025 = $12.50	Currencies
South African Rand	RA	CME	$1,150	$3,105	$2,300	$600	SAR 500,000	.00001 = $12.50	Currencies
U.S. Dollar Index	DX	ICE	$500	$1,064	$800	$150	$1,000 x index	.01 = $10	Currencies

Interest Rates

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
30 Year T-Bond	ZB	CME	$877	$2,430	$1,800	$125	$100,000	.01 = $31.25	Interest Rates
10 Year T-Note	ZN	CME	$400	$1,890	$1,400	$125	$100,000	.005 = $15.625	Interest Rates
5 Year T-Note	ZF	CME	$300	$1,350	$1,000	$125	$100,000	.005 = $15.625	Interest Rates
2 Year T-Note	ZT	CME	$473	$1,215	$900	$200	$200,000	.005 = $15.625	Interest Rates
EuroDollar	GE	CME	$300	$1,013	$750	$500	$1,000,000	.005 = $12.50	Interest Rates
Mini Eurodollar	YE	CME	$150	$338	$250	$250	$500,000	.005 = $6.25	Interest Rates
10 Year Swap Note	SR	CME	$1,148	$2,295	$1,700	-	$100,000	.005 = $15.625	Interest Rates
30-Day Fed Fund	ZQ	CME	$450	$1,148	$850	$500	$5,000,000	.005 = $20.835	Interest Rates
EuroYen	EJ	CME	¥5,000	¥13,500	¥10,000	¥23,000	¥100M	.005 = ¥1250	Interest Rates
LIBOR	GLB	CME	$300	$608	$450	$350	$3,000,000	.0025 = $6.25	Interest Rates
Euro Bund (10-Year Note)	FGBL	EUREX	€300	€1,700	€1,700	€100	€100,000	.01 = €10.00	Interest Rates
Euro Bobl (5-Year Note)	FGBM	EUREX	€300	€1,040	€1,040	€120	€100,000	.01 = € 10.00	Interest Rates
Euro Schatz (2-Year Note)	FGBS	EUREX	€350	€470	€470	€90	€100,000	.005 = €5.00	Interest Rates
Buxl (30-Year Bond)	FGBX	EUREX	€1,395	€2,790	€2,790	€310	€100,000	.02 = € 20.00	Interest Rates
Short Sterling (3-Month Sterling)	L	LIFFE	£275	£688	£550	N/A	£500,000	.01 = £12.50	Interest Rates
Euribor (3-Month Euro)	I	LIFFE	€500	€1,250	€1,000	N/A	€1,000,000	.005 = €12.50	Interest Rates
Long Gilt	R	LIFFE	£1,060	£2,650	£2,120	N/A	£100,000	.01 = £10.00	Interest Rates
Euroswiss (3-Month)	S	LIFFE	SF375	SF938	SF750	N/A	SF1,000,000	.01 = SF25.00	Interest Rates

Energies

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
Crude Oil (Light Sweet)	CL	NYMEX	$4,375	$11,813	$8,750	$450	1000 barrels	1¢/barrel = $10.00	Energies
miNY Crude Oil (Light Sweet)	QM	NYMEX	$1,650	$6,244	$4,625	$225	500 barrels	2.5¢/barrel = $12.50	Energies
Natural Gas (Henry Hub)	NG	NYMEX	$4,125	$11,138	$8,250	$750	10,000 mmBtu	.001 = $10.00	Energies
miNY Natural Gas	QG	NYMEX	$1,100	$2,784	$2,062	$188	2500 mmBtu	.005 = $12.50	Energies
Heating Oil	HO	NYMEX	$5,125	$13,838	$10,250	$250	42,000 gal	.0001 = $4.20	Energies
miNY Heating Oil	QH	NYMEX	$2,050	$6,919	$5,125	$125	21,000 gal	.001 = $21	Energies
RBOB Gasoline (Unleaded Gas)	RB	NYMEX	$4,500	$12,150	$9,000	$200	42,000 gal	.0001 = $4.20	Energies
miNY RBOB Gasoline (Unleaded Gas)	QU	NYMEX	$2,250	$6,075	$4,500	$100	21,000 gal	.001 = $21	Energies
Brent Crude Oil	BZ	NYMEX	$4,750	$12,825	$9,500	$450	1,000 barrels	1¢/barrel = $10.00	Energies
WTI Light Sweet Crude Oil	WTI	ICE	$7,000	$17,500	$14,000	N/A	1,000 barrels	1¢/barrel = $10.00	Energies
Brent Crude	COIL	ICE	$7,000	$16,875	$13,500	N/A	1,000 barrels	1¢/barrel = $10.00	Energies
Heating Oil	HOIL	ICE	$7,000	$17509	$14007	N/A	42,000 gal	.01¢/gal. = $4.20	Energies
NYH RBOB Gasoline (Unleaded Gas)	RBOB	ICE	$5,550	$13,860	$11,088	N/A	42,000 gal	.01¢/gal. = $4.20	Energies
Gas Oil	GOIL	ICE	$5,700	$14,250	$11,400	N/A	100 met. tons	25¢/ton = $25.00	Energies
UK Natural Gas	NGF	ICE	£590	£1,470	£1,176	N/A	1,000 thrms/ctrdy	.01p/therm = £10.00	Energies

Metals

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
Gold	GC	NYMEX	$1,875	$5,063	$3,750	$50	100 oz	.1 = $10.00	Metals
miNY Gold	QO	NYMEX	$625	$2531	$1875	$25	50 oz	.1 = $5.00	Metals
Silver	SI	NYMEX	$2500	$6750	$5000	$80	5000 oz	.005 = $25	Metals
miNY Silver	QI	NYMEX	$833	$3375	$2500	$40	2500 oz	.005 = $12.5	Metals
Copper	HG	NYMEX	$2875	$7763	$5750	$80	25,000 lbs	.0005 = $12.50	Metals
miNY Copper	QC	NYMEX	$1347	$3881	$2875	$40	12,500 lbs	.0005 = $6.25	Metals
Aluminum	AL	NYMEX	$1125	$3038	$2250	$80	44,000 lbs	.0005 = $22	Metals
Platinum	PL	NYMEX	$3000	$8100	$6000	$500	50 oz	.1 = $5	Metals
Palladium	PA	NYMEX	$1375	$3713	$2750	$500	100 oz	.0005 = $12.50	Metals
100 oz. Gold	ZG	NYSE	$1350	$3645	$2700	$50	100 oz	.1 = $10.00	Metals
Mini - Gold	YG	NYSE	$300	$1215	$900	$20	33.2 oz	.1 = $3.32	Metals
5000 oz. Silver	ZI	NYSE	$3000	$8100	$6000	$80	5000 oz	.001 = $5.00	Metals
Mini - Silver	YI	NYSE	$400	$1620	$1200	$20	1000 oz	.001 = $1.00	Metals

Grains

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
Corn	ZC	CME	$500	$2,025	$1,500	$50	5000 bu	.0025 = $12.50	Grains
Mini-Corn	XC	CME	$135	$405	$300	$50	1000 bu	.00125 = $1.25	Grains
Wheat	ZW	CME	$950	$4,050	$3,000	$200	5000 bu	.0025 = $12.50	Grains
Mini-Wheat	XW	CME	$300	$810	$600	$200	1000 bu	.00125 = $1.25	Grains
Soybeans	ZS	CME	$945	$4,725	$3,500	$260	5000 bux	.0025 = $12.50	Grains
Mini-Soybeans	XB	CME	$122	$945	$700	$52	1000 bu	.00125 = $1.25	Grains
Soybean Oil	ZL	CME	$425	$2,025	$1,500	$300	60,000 lbs	.0001 = $6.00	Grains
Soybean Meal	ZM	CME	$746	$2,700	$2,000	$900	100 tons	.1 = $10.00	Grains
S.Amer. Soybeans	ZK	CME	$750	$2,025	$1,500	$300	5000 bu	.0025 = $12.50	Grains
Ethanol	ZE	CME	$1,750	$4,725	$3,500	$1,800	29,000 gal	.001 = $29	Grains
Rough Rice	ZR	CME	$1,150	$3,105	$2,300	$1,400	2000 cwt	.5 = $10.00	Grains
Oats	ZO	CME	$500	$1,350	$1,000	$550	5000 bu	.0025 = $12.50	Grains
Hard Red Spring Wheat	MWE	MGEX	$2,000	$5,200	$4,000	N/A	5000 bu	.0025 = $12.50	Grains
Hard Red Spring Wheat Index	IP	MGEX	$1,850	$3,510	$2,700	N/A	5000 bu	.0025 = $12.50	Grains
Hard Red Winter Wheat Index	IH	MGEX	$1,850	$3,510	$2,700	N/A	5000 bu	.0025 = $12.50	Grains
Soft Red Winter Wheat Index	IW	MGEX	$1,850	$3,510	$2,700	N/A	5000 bu	.0025 = $12.50	Grains
National Corn Index	IC	MGEX	$500	$1,300	$1,000	N/A	5000 bu	.0025 = $12.50	Grains
National Soybean Index	IS	MGEX	$1,000	$2,600	$2,000	N/A	5000 bu	.0025 = $12.50	Grains
KC Hard Red Winter Wheat	KE	KCBOT	$1,000	$2,500	$2,000	$2,000	5000 bu	.0025 = $12.50	Grains
ValueLine Index	MV	KCBOT	$400	$1,000	$800	N/A	$25 x Index	.50 = $12.50	Grains
Canola	RS	WCE	C$220	C$594	C$440	C$180	20 tonnes	C$.10/ton = C$2.00	Grains
Western Barley	AB	WCE	C$200	C$311	C$230	C$115	20 tonnes	C$.10/ton = C$2.00	Grains
Feed Wheat	WW	WCE	C$120	C$216	C$160	C$75	20 tonnes	C$.10/ton = C$2.00	Grains

Softs

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
Cocoa	CC	ICE	$950	$2,660	$1,900	$300	10 metric tons	1.00 = $10.00	Softs
Coffee "C"	KC	ICE	$950	$4,200	$3,000	$400	37,500 lbs	.05 = $18.75	Softs
Robusta Coffee	RC	ICE	$950	$4,200	$3,000	$400	37,500 lbs	.05 = $18.75	Softs
Orange Juice "A" (FCOJ)	OJ	ICE	$650	$1,820	$1,300	$300	15,000 lbs	.05 = $7.50	Softs
Sugar #11	SB	ICE	$400	$1,120	$800	$200	112,000 lbs	.01 = $11.20	Softs
Sugar #14	TH	ICE	$350	$980	$700	$250	112,000 lbs	.01 = $11.20	Softs
Cotton #2	CT	ICE	$900	$2,520	$1,800	$300	50,000 lbs	.01 = $5	Softs
Random Length Lumber	LB	CME	$550	$1,650	$1,100	$550	110,000bdft	.10 = $10	Softs
Pulp	P	CME	$250	$665	$500	$350	20 metric tons	$.25/metric ton = $5.00	Softs

Livestock

			Margins
Contract	SYM	XCG	Intra-Day	Initial	Maint.	Cal. Spread	Contract Size	Tick Size	Type
Live Cattle	LC	CME	$400	$1,080	$800	$400	40,000 lbs	.00025 = $10	Livestock
Feeder Cattle	FC	CME	$500	$1,350	$1,000	$350	50,000 lbs	.00025 = $12.50	Livestock
Lean Hogs	LH	CME	$450	$1,215	$900	$700	40,000 lbs	.00025 = $10	Livestock
Frozen Pork Bellies	PB	CME	$600	$1,620	$1,200	$500	40,000 lbs	.00025 = $10	Livestock

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