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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL FUTURES
Volatility has fallen back from the highs of a couple of months ago resulting in ICE reducing its future margin for Brent.
- ICE has reduced the Brent future margin by 10.3% to $10,690. The changes will take effect on Thurs 9th June reflected in margin calls made on Fri 10th June. ICE increased the margin by 19% on 25th March and by 32% at the start of March.
- Previous increases in margin calls earlier this year contributed to significant drop off in market liquidity. Brent open interest fell from about 2.3m to approximately 1.85m during Feb and Mar and has stayed low ever since. The reduction in ICE margins and lower market volatility may help Brent liquidity to start to pick back up again.
- The margins for ICE Gasoil have been increased by 6% to $13,494.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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