Psst . . . New Crop Canola Top Holds

[errolanderson]

malleefarmer . . . apparently Chicago
wheat did experienced the lowest close
since September 14th, 2009.

bucket . . . the exchanges move their
margin requirements on products all the
time depending on risk and volatility.
If volatility increases, margins have to
rise to cover added risk.

[LWeber]

Floor traders not being able to use their CBOT seat value as margin requirements is a huge change...more than just margin changes...

Last seat sold at the CME for $642,500.

As well, they will be margined at spec rates and not hedge rates...

Changing the rules that drastically while contracts have open interest is bullshit...

[errolanderson]

What's up with the exchange? Does this
suggest that the value of the seat will
start to drop ?

[LWeber]

With ICE's new programs possibly cutting into CME contract volume - seats are bound to take a hit.

I wonder who the Rhodes Scholar was that took away the seat margin value - effectively putting a value of the seat at ZERO!!

Trading 22 hours a day is going to change price discovery - not that price discovery is even thought of any more.

Volume - churn - burn - repeat next day.