Futures margin breaches on track to match 2020

At least 500 seen so far this year, says JP Morgan exec – in some cases leading to 200% margin increases

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With seven weeks until year-end, margin breaches on exchange-traded derivatives are on track to match the number seen in 2020, according to a JP Morgan executive.

The US bank defines a margin breach as when a two-day market move in a contract exceeds the level of margin held against the position. The bank saw 590 breaches during 2020, the year of the Covid pandemic’s outbreak. So far this year, JP Morgan has seen 500 breaches, with 70% of the contracts it monitors experiencing at least one.


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