Support Board
Date/Time: Tue, 26 Aug 2025 11:57:41 +0000
Post From: Spread Margins
| [2025-06-18 15:45:44] |
| User741544 - Posts: 25 |
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OK so using Teton and trading exchange listed calendar spreads the actual exchange margin is NOT determined by Sierra/Teton but will just be a sum of the two outright legs? Also even regarding outright margins apparently some firms such as AMP just use a single margin value for root symbols. Term structure type markets will have as many as 40 quarters/months, etc all with slightly different margins but they will just have one top line maintenance margin which is sort of an average if you will. Sorry but I’m not getting a clear answer from them when I asked “don’t you have to put every symbol in the back end in Teton manually if it doesn’t interface with the exchange directly for current margin rates?”. Point being it seems like with Teton maybe the clearer has to manually define each symbols margin individually? Anyway, I just want to know two things (and I get that spreads and outrights are not connected in Teton/treated separately/different than how the clearer sees the position…) 1. If trade an exchange listed spread, say a front calendar SR3Z25-SR3Z26 which is $300 overnight today how does Teton derive the reduced margin rate? 2. Likewise, I trade an outright other than the front month say SR3Z25, which is $765 today, where will that margin rate come from? Thank you in advance for clarifying. Doesn’t seem like the clearer deals with a lot of spreaders so if they are unclear on this I need to be able to tell them how to permission the account in the back end by symbol if that’s what’s needed. |