FCOJ Futures Margins
(Minimum Exchange Requirements)
Speculative Account - A speculator in the frozen concentrated
orange juice market is an individual who trades in the commodity futures markets with the objective of achieving profits through
the successful anticipation of price movements. The speculator has no interest in taking delivery of the frozen concentrated
orange juice .
Initial: $1,820 (The initial margin is the amount
of money that needs to be in the account to initiate a trade in the frozen concentrated orange juice futures market.)
Maintenance: $1,300 (The maintenance margin is the minimum equity that must be maintained
in the account. If the equity drops below the maintenance margin, a deposit must be made to bring the account back up to the
initial margin.)
Hedge / Member Account - A hedger in
the frozen concentrated orange juice market is an individual who uses the futures market to offset price risk when intending
to sell or buy the actual frozen concentrated orange juice .
Initial: $1,300
(The initial margin is the amount of money that needs to be in the account to initiate a trade in the frozen concentrated
orange juice futures market.)
Maintenance: $1,300 (The maintenance
margin is the minimum equity that must be maintained in the account. If the equity drops below the maintenance margin, a deposit
must be made to bring the account back up to the initial margin.)
