Support Board

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.

. Point being it seems like with Teton maybe the clearer has to manually define each symbols margin individually?

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.