Margin and Liquidations

Customer agrees to deposit and to maintain, without demand from the firm, performance bond, margin, security deposit, cash or other acceptable collateral and to make any premium payments with respect to each Contract, in such form, in such amounts and by such time, as required by (i) Applicable Law; or (ii) by the firm in its sole discretion. Customer acknowledges and agrees that the firm has no obligation to establish uniform margin requirements and that margin requirements imposed by the firm may exceed those of the applicable Execution Facility or Clearing Organization.

Such margin requirements established by the firm may exceed the margin required from the firm by an Execution Facility or Clearing Organization. The firm may increase or decrease margin requirements in its sole discretion at any time. If The firm determines that additional margin is required, you agree to deposit with the firm such additional margin when and as demanded by the firm, and you agree to satisfy immediately all margin calls in such manner as the firm shall designate in its sole discretion. Notwithstanding any demand for additional margin or any failure to proceed shall not be deemed a waiver of any rights by the firm. No previous margin deposit or practice shall establish any precedent. The firm shall not be liable to you for the loss of any margin deposit which is the direct or indirect result of the bankruptcy, insolvency, liquidation, receivership, custodianship, or assignment for the benefit of creditors of any bank, another clearing broker, market, clearing organization, or similar entity. The firm may liquidate the account with or without notification depending upon market conditions based upon the sole discretion of the firm.

Position Management

Intraday margin requirements are usually lower than Initial Margin Requirements. This is due to the reduced risk an Intraday trade may pose versus the risk posed by a trade held overnight. Subject to market conditions, Intraday Margin rates are generally effective from the product open until 15 minutes prior to the session close when Initial Margin is required. Minimum Initial Margins are set per contract by the exchange and represent the amount required to hold a position into the next trading session, however like all Margins, NinjaTrader reserves the right to set Initial Margins Higher than exchange minimum requirements.

Accounts that do not meet margin requirements are subject to margin calls, liquidations and applicable fees.

If an account does not meet the margin requirement at all times during the trade the result is called a margin Violation and the following actions may result:

• The entire position may be liquidated & closed
• An e-mail will be sent notifying the account owner of the Violation
  • 1st Violation: $25 execution fee
  • Subsequent Violations: $50 execution fee
• To avoid margin calls, liquidations and associated fees, you may want to consider maintaining margin excess that could help absorb adverse market movements which reduce the liquidating value of an account and can result in margin calls and/or liquidations.

Delivery and 1st Notice

Trading in physically deliverable futures contracts is prohibited beginning on the business day preceding the earlier of the Last Trade Date or the 1st Notice Date through the Last Trade Date. Any account that has a position or places an order after this roll date is subject to liquidation and associated fees.

Last updated: 09 December 2022