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NFA Increases Minimum Security Deposits on FX

The National Futures Association (NFA) announced that, effective Monday at 5:00pm CT on March 22, the minimum security deposits required to be collected and maintained by FDMs on both new and existing positions will be increased on the Norwegian krone to 7% and Mexican peso ti 10%.

NFA says the decision by the Executive Committee was due to the recent volatility in the currency markets, and the margin increases that CME and ICE implemented with respect to foreign currency futures involving the Norwegian krone and Mexican peso.

The increases remain in effect until further notice.

 

Julie Ros

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