S&P 500, VIX Futures Margin Costs Soar as Stock Swings Widen
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The amount of money clearing houses demand to cover equity futures positions has spiked this month amid wild market swings, adding one more headache for Wall Street money managers.
CME Group Inc.’s CME Clearing raised the initial margin requirement for E-mini S&P 500 futures by nearly 30% during April, including a 12% jump in a single day, the most since the post-Covid era, according to data seen by Bloomberg.