Initial margin at Ice Europe up 15% over Q1

IM held against F&O positions hit all-time high, as number of margin breaches nudged higher

Ice Clear Europe’s futures and options (F&O) division demanded $7.7 billion in initial margin from its members on one day in the first quarter of the year – 37% higher than Q4 2021, and the second-highest level on record.

Required IM held at the F&O clearing service at end-March was $153.9 billion, up almost 15% quarter on quarter.

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