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Heck wrote:Clearing firm Ronin Capital unable to meet capital requirements at CME
CME Group has raised margins 2 times this week in the mini SP500 futures….. Last week’s margin was 7700. Then on Tues or Wed it was raised to 9900. Then last night it was raised again to 13200 per contract. Ronin’s clients cannot keep meeting margin calls that keep being raised.
This all being driven by fundamentals. Economic activity is grinding to a halt for the next few months.
That said there is some stronger support between 2083 and 2193, so if you are long this should help. http://schrts.co/gKPPnTNn
My comments were dictated to me by homie the clown