ICE boosts margins on raw sugar futures as of July 5
Published: 07/04/2012, 9:29:44 AM
ICE futures US raised its margin requirement for trading No. 11 sugar futures, effective with the opening of business on July 5, reports Sugaronline.
The exchange operator boost the initial margin for speculators by to US$1,485 per contract from US$1,435 previously, while the initial margin for hedge contracts will jump to US$1,350 per contract from US$1,300.
Maintenance margins for both speculators and hedge contracts will jump US$50 to US$1,350.