Margin and trade economics · Futures
Margin and trade economics
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Illustrative example loaded: E-mini S&P 500, 2 contracts at 5,000.00 index points, $30,000 of account equity, a $1,000 risk budget with an 8-tick stop and $10 of round-trip fees. The requirement is prefilled from the layers above. These are hypothetical inputs, not live market values or a recommendation; your inputs replace them.
Margin directory
Compare the recorded layers by product
Search the firm’s exchange product register and compare clearing-house requirements with the separate TradeStation customer layer. Long and short stay distinct wherever the source publishes both.
23 with recorded layers · 43 shown
Register: 43 products · figures below are dated recorded layers.
Catalogue boundary
Showing the firm's 43 verified contracts while the CME Group catalogue loads. This is a seed, not the CME Group universe.
| Product / exchange | Exchange initial / overnight Long · Short | Exchange maintenance Long · Short | TradeStation overnight initial Long · Short | TradeStation overnight maintenance Long · Short | TradeStation day initial Published | TradeStation day maintenance Published | Record |
|---|---|---|---|---|---|---|---|
| ESE-mini S&P 500CME · Equity Index | Long$25,817.00Short$23,061.00 | Long$25,817Short$23,061 | Long$28,666Short$25,616 | Long$26,060Short$23,287 | Published$2,866.60 | Published$2,606.00 | Source details & gaps
|
| MESMicro E-mini S&P 500CME · Equity Index | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$2,867Short$2,562 | Long$2,606Short$2,329 | Published$286.70 | Published$260.60 | Source details & gaps
|
| NQE-mini Nasdaq-100CME · Equity Index | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$46,877Short$44,096 | Long$42,615Short$40,087 | Published$4,687.70 | Published$4,261.50 | Source details & gaps
|
| MNQMicro E-mini Nasdaq-100CME · Equity Index | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$4,688Short$4,410 | Long$4,262Short$4,009 | Published$468.80 | Published$426.20 | Source details & gaps
|
| YME-mini Dow ($5)CBOT · Equity Index | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$17,027Short$17,027 | Long$15,479Short$15,479 | Published$1,702.70 | Published$1,547.90 | Source details & gaps
|
| MYMMicro E-mini DowCBOT · Equity Index | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$1,683Short$1,683 | Long$1,530Short$1,530 | Published$168.30 | Published$153.00 | Source details & gaps
|
| RTYE-mini Russell 2000CME · Equity Index | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$12,096Short$11,422 | Long$10,996Short$10,384 | Published$3,024.00 | Published$2,749.00 | Source details & gaps
|
| M2KMicro E-mini Russell 2000CME · Equity Index | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$1,210Short$1,142 | Long$1,100Short$1,038 | Published$302.50 | Published$275.00 | Source details & gaps
|
| BTCBitcoinCME · Cryptocurrency | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$98,409Short$98,409 | Long$89,463Short$89,463 | Published$49,204.50 | Published$44,731.50 | Source details & gaps
|
| MBTMicro BitcoinCME · Cryptocurrency | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$1,995Short$1,995 | Long$1,814Short$1,814 | Published$1,995.00 | Published$1,814.00 | Source details & gaps
|
| CLCrude Oil (WTI)NYMEX · Energy | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$10,764Short$11,079 | Long$9,785Short$10,072 | Published$5,539.50 | Published$5,036.00 | Source details & gaps
|
| MCLMicro WTI Crude OilNYMEX · Energy | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$1,079Short$1,110 | Long$981Short$1,009 | Published$555.00 | Published$504.50 | Source details & gaps
|
| NGHenry Hub Natural GasNYMEX · Energy | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$3,136Short$3,230 | Long$2,851Short$2,936 | Published$1,615.00 | Published$1,468.00 | Source details & gaps
|
| RBRBOB GasolineNYMEX · Energy | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$10,265Short$8,719 | Long$9,332Short$7,926 | Published$5,132.50 | Published$4,666.00 | Source details & gaps
|
| HONY Harbor ULSD (Heating Oil)NYMEX · Energy | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$15,701Short$15,575 | Long$14,274Short$14,159 | Published$7,850.50 | Published$7,137.00 | Source details & gaps
|
| GCGoldCOMEX · Metals | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$24,742Short$24,742 | Long$22,493Short$22,493 | Published$6,185.50 | Published$5,623.25 | Source details & gaps
|
| MGCMicro GoldCOMEX · Metals | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$2,496Short$2,496 | Long$2,269Short$2,269 | Published$624.00 | Published$567.25 | Source details & gaps
|
| SISilverCOMEX · Metals | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$36,933Short$36,933 | Long$33,575Short$33,575 | Published$9,233.25 | Published$8,393.75 | Source details & gaps
|
| SILMicro SilverCOMEX · Metals | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$7,482Short$7,482 | Long$6,802Short$6,802 | Published$1,870.50 | Published$1,700.50 | Source details & gaps
|
| HGCopperCOMEX · Metals | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$13,200Short$13,200 | Long$12,000Short$12,000 | Published$3,300.00 | Published$3,000.00 | Source details & gaps
|
| PLPlatinumNYMEX · Metals | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$9,055Short$9,055 | Long$8,232Short$8,232 | Published$2,263.75 | Published$2,058.00 | Source details & gaps
|
| ZCCornCBOT · Agriculture | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| ZSSoybeansCBOT · Agriculture | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| ZWChicago SRW WheatCBOT · Agriculture | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| ZMSoybean MealCBOT · Agriculture | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| ZLSoybean OilCBOT · Agriculture | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| LELive CattleCME · Livestock | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| HELean HogsCME · Livestock | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| GFFeeder CattleCME · Livestock | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| ZBU.S. Treasury Bond (30-Year)CBOT · Interest Rates | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| UBUltra U.S. Treasury BondCBOT · Interest Rates | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$5,665Short$5,665 | Long$5,150Short$5,150 | Published$1,416.25 | Published$1,287.50 | Source details & gaps
|
| ZN10-Year U.S. Treasury NoteCBOT · Interest Rates | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| TNUltra 10-Year U.S. Treasury NoteCBOT · Interest Rates | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| ZF5-Year U.S. Treasury NoteCBOT · Interest Rates | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| ZT2-Year U.S. Treasury NoteCBOT · Interest Rates | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| 6EEuro FXCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| M6EMicro EUR/USDCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | Long$231Short$231 | Long$210Short$210 | Published$231.00 | Published$210.00 | Source details & gaps
|
| 6JJapanese YenCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| 6BBritish PoundCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| 6AAustralian DollarCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| 6CCanadian DollarCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| 6SSwiss FrancCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
| 6MMexican PesoCME · FX | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | LongNot recordedShortNot recorded | PublishedNot recorded | PublishedNot recorded | Source details & gaps
No numeric exchange or TradeStation layer is recorded for this product. |
A missing layer is a data gap, not zero. Exchange maintenance is not TradeStation overnight initial, and a day figure is never substituted for the overnight requirement.
currentcachedstaleunavailable
Instrument
Type a code or a name: ES, crude, gold, 10-year. Arrow keys move through the matches; Enter selects.
- Contract unit
- $50 × S&P 500 Index
- Quoted in
- index points
- Point value
- $50 per 1.00 move
- Tick size
- 0.25 index points
- Tick value
- $12.50 per tick
- Exchange
- CME
Terms verified 2026-09-17 · CME Group contract specifications
ProductSearch CME Group’s own catalogue — every product CME, CBOT, NYMEX and COMEX list. Choose a product, then its contract month.
Showing 1–12 of 43
Showing the firm's 43 verified contracts while the CME Group catalogue loads. This is a seed, not the CME Group universe.
Requirement layersExchange and carrying broker, kept apart. Which figure applies depends on how long the position is held.
| Requirement | Long | Short | What it is |
|---|---|---|---|
| Exchange initial / overnight | $25,817.00 | $23,061.00 | CME Clearing publishes the current customer policy as Non-HRP initial at 100% of maintenance and HRP initial at 110%; the carrying broker's overnight requirement remains a separate layer. |
| Exchange maintenance | $25,817 | $23,061 | The performance bond published by CME Clearing, contract period 09/2026. |
| TradeStation Securities, Inc. overnight / initial | $28,666 | $25,616 | What the account must hold to carry the position through the close. |
| TradeStation Securities, Inc. maintenance | $26,060 | $23,287 | The level equity must stay above overnight before a call is issued. |
| TradeStation Securities, Inc. intraday / day initial | $2,866.60 | Same | Published by the broker for a position opened and closed inside the session. |
| TradeStation Securities, Inc. intraday / day maintenance | $2,606.00 | Same | The intraday level equity must stay above while the position is open. |
| Intraday rate | 10% | The multiple of the overnight requirement that applies inside the session, as the broker publishes it. Most products reduce; an illiquid one can require more. |
- Exchange source
- CME Group
- Exchange updated
- 2026-09-17 · cached
- Broker source
- TradeStation Securities, Inc.
- Broker updated
- 2026-09-21 · current
A carrying broker sets its own requirement at or above the exchange’s, and may raise it without notice for a product, an account or a market condition. Portfolio and spread requirements are calculated by SPAN or SPAN 2 rather than by arithmetic on an outright figure. Confirm any figure with your own broker before trading on it.
CME customer initial profilesExchange policy profiles stay separate from the carrying broker’s overnight and day requirements above.
- Non-HRP initial
- Long $25,817.00 · Short $23,061.00
- HRP initial
- Long $28,398.70 · Short $25,367.10
- Policy
- 1.00× / 1.10× maintenance · as of 2026-09-20 · CME source
Requirement used in this calculationPrefilled from the layers above. Edit either figure and the status becomes yours, not a source’s.
- Layer
- Carrying broker
- Updated
- 2026-09-21
- Status
- current
Prefilled from TradeStation Securities, Inc. , read this cycle. Requirements change by notice; confirm with your broker before trading.
Prefilled with the carrying broker’s overnight initial, which is what an account is held to.
The level equity must stay above before a call is issued.
Required when you type a margin. It records provenance; it does not verify the figure.
Prefilled from the intraday layer above. It applies only inside the session your broker defines and never replaces the overnight requirement.
Your position
Entered in index points, as the exchange quotes it.
Sets the sign of P/L and the side of the maintenance-call price.
Prices the round trip in points, ticks and dollars.
Your accountOptional. Turns requirements into cushion and size.
The most you accept losing on this trade at the stop.
One tick is $12.50 per contract.
For the whole position, in and out.
What the position requires2 contracts of E-mini S&P 500 at 5,000 index points, long.
- Initial required
- Selected initial requirement $28,666 × 2 contracts
- Maintenance required
- Selected maintenance requirement $26,060 × 2 contracts
- Notional exposure
- Price × $50 point value × 2 contracts
- One tick
- Per position · $12.50 per contract · 0.25 index points
- One point
- Per position · $50.00 per contract · 1.00 index points
- Leverage
- Notional ÷ initial · initial is 11.4664% of notional
- Broker or FCM intraday requirement
- Your broker's own session rate for the position. It does not replace the selected overnight requirement.
- Equity is below the selected maintenance requirement for this position.
- Broker intraday requirement is below the selected maintenance requirement; intraday rates apply only during the session the broker defines.
How much room there isCushion against a maintenance call, and the size two constraints allow.
- Excess after initial
- Equity minus the initial requirement
- Maintenance cushion
- Equity minus the maintenance requirement
- Adverse move to a maintenance call
- Equity meets maintenance at 5,221.20 index points for a long position
- Risk-limited contracts
- Risk budget ÷ (stop in ticks × $12.50)
- Margin-limited contracts
- Equity ÷ selected initial requirement per contract
Margin is the binding constraint: equity supports 1 contract at the selected initial requirement, while the risk budget allows 10 contracts.
Where it callsNet profit or loss at expiry-free settlement across the price range, with the maintenance-call price ruled when it is known.
Exact values at every plotted price
| Price (index points) | Net profit or loss (USD) |
|---|---|
| 4,650.00 | −$35,010.00 |
| 4,667.50 | −$33,260.00 |
| 4,685.00 | −$31,510.00 |
| 4,702.50 | −$29,760.00 |
| 4,720.00 | −$28,010.00 |
| 4,737.50 | −$26,260.00 |
| 4,755.00 | −$24,510.00 |
| 4,772.50 | −$22,760.00 |
| 4,790.00 | −$21,010.00 |
| 4,807.50 | −$19,260.00 |
| 4,825.00 | −$17,510.00 |
| 4,842.50 | −$15,760.00 |
| 4,860.00 | −$14,010.00 |
| 4,877.50 | −$12,260.00 |
| 4,895.00 | −$10,510.00 |
| 4,912.50 | −$8,760.00 |
| 4,930.00 | −$7,010.00 |
| 4,947.50 | −$5,260.00 |
| 4,965.00 | −$3,510.00 |
| 4,982.50 | −$1,760.00 |
| 5,000.00 | −$10.00 |
| 5,017.50 | $1,740.00 |
| 5,035.00 | $3,490.00 |
| 5,052.50 | $5,240.00 |
| 5,070.00 | $6,990.00 |
| 5,087.50 | $8,740.00 |
| 5,105.00 | $10,490.00 |
| 5,122.50 | $12,240.00 |
| 5,140.00 | $13,990.00 |
| 5,157.50 | $15,740.00 |
| 5,175.00 | $17,490.00 |
| 5,192.50 | $19,240.00 |
| 5,210.00 | $20,990.00 |
| 5,227.50 | $22,740.00 |
| 5,245.00 | $24,490.00 |
| 5,262.50 | $26,240.00 |
| 5,280.00 | $27,990.00 |
| 5,297.50 | $29,740.00 |
| 5,315.00 | $31,490.00 |
| 5,332.50 | $33,240.00 |
| 5,350.00 | $34,990.00 |
What this calculates
- Notional exposure: price × the contract's point value × contracts, in US dollars.
- The selected initial and maintenance requirement for the whole position, from the per-contract figures on file or entered by you, and the initial requirement as a share of notional (its inverse is the leverage).
- Excess after initial and the maintenance cushion against your account equity; the adverse move, in points and ticks, that takes equity to the maintenance level, and the price where that happens for your direction.
- Contracts the risk budget allows at your stop, contracts the equity supports at the initial requirement, and which of the two binds.
- With an exit price, the round trip in points, ticks, gross and net dollars, and the net return on the initial requirement.
What it does not calculate
- No portfolio offsets: each product is margined outright, with no SPAN or cross-product credit, and no spreads between months or products.
- No options, and no delivery, roll or settlement mechanics.
- No inference of a broker's intraday policy: a broker or FCM rate is used only where you enter it, and only as its own line.
- No currency conversion: every figure is in US dollars, the currency of these contracts.
- No taxes, financing or slippage; fees are the total you enter.
Assumptions
- Requirements are outright speculative (customer) rates per contract and scale with the number of contracts; hedger rates differ.
- A maintenance call arises when equity falls below the selected maintenance requirement; the source named above sets the selected figures, and they change by notice.
- Profit and loss move linearly with price: one point is worth the point value per contract, one tick the tick value.
- The stop distance is a price distance; execution at that price is not assumed.
- Hypothetical inputs; nothing here is a quote, a requirement of any broker, or a recommendation.
Sources
- Contract terms: CME Group contract specifications , verified 2026-09-17.
- Exchange requirement: CME Group · published margins . Status for ES: cached (recorded 2026-09-17).
- Carrying broker requirement: TradeStation Securities, Inc. · published margin requirements . Status for ES: current (recorded 2026-09-21).
- FINRA Rule 4210 and Regulation T are not applicable in futures mode: futures margin is a performance bond set by the exchange's clearing house.