CME Lowers E-Mini Margins

Tyler Durden's picture

This is simply incredible. 40 minutes ago, just as the farce that is the market was in danger of not closing green despite the tech fiascoes from GOOG, MSFT, CMG, MRVL, AMD, MS, and all the others, we had one simple thing to say:

And sure enough, seconds ago...

 

 

This whole theater is just getting so very predictable.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Rubicon's picture

Yeah, you work at the CME.

slaughterer's picture

CME reads ZH for ideas to prop the market.  

Pure Evil's picture

Maybe with this bit of Deja Vu, Tyler could restart Johnnie Carson's old bit, 'Carnac The Magnificent'.

Turd Ferguson's picture

A: Krugman, Dimon & Paris Hilton

Q: Name a douchebag, a scumbag and hosebag.

lineskis's picture

Tyler, you just have more power than you want to recognize! ;)

TruthInSunshine's picture

You wacky conspiracy theorists!

This is an efficent market based on transparent and fundamentally sound valuations, and it could safely afford to trade on much more leverage from a systemic standpoint!

 

It's not like Bernank didn't learn the Greenspan/BernankVer1.0 lesson of what horrible things inevitably happen when a central fractional reserve planning/pumping authority creates asset bubbles!!!

Now enough of the snark while I go enjoy a delicious Chipotle (CMG) rice-a-rito!

Sheeeeeeesh!!!!!!!!!!

 

 

/sarc

#last-muppets-out-r-rotten-eggs-bitchez

#CorzineStillPimpHandStrong

#PendingLarry

Karl von Bahnhof's picture

You are the NEWS!

Predictive reporting, bitchez!

LongBalls's picture

Did someone call for Carnac?

ACP's picture

CME Contact info:

Customer Service:
Product inquiries, website issues,
and specific questions

CME Group Customer Contacts

 

Customer Service Inquiries +1 312 930 2316
+1 800 331 3332
Toll Free
info@cmegroup.com
M-Th
6:15am - 5:00pm

Friday
6:15am - 4:45pm

product, website, holiday calendar, and other specific questions   Phone/Email Hours Services Trading Related Services Clearing and Exchange Fees +1 312 648 5470
efsadmin@cmegroup.com M-F 8:00am-5:00pm Transaction Fees Co-Location Customer Support +1 312 715 6082
+1 855 253 6671 Toll Free
CoLo.AtYourService@cmegroup.com 24 hours Questions regarding facility access, portal requests, or any other general Co-Location questions Risk Management +1 312 648 3888
info@cmegroup.com   PC-SPAN Software, Margins, Performance Bonds, Financial Safeguards

Trading Support

Global Account Management +1 312 634 8700
globalaccountmanagement@cmegroup.com M-F 8:00am-5:00pm iLink, FIX/FAST, FirmSoft, Drop Copy, Auto Cert+, GC2, ATS, Vendors, Market Data Platform, etc GCC (Global Command Center) +1 312 456 2391
gcc@cmegroup.com Sun 2:00pm-Fri 4:45pm Information Provided via Phone: Order status, order cancellation & production related issues
Information Provided via Email: Non production or general Globex inquiries CSET (Certification Support for Electronic Trading) +1 312 930 2322
cset@cmegroup.com Sun 2:00pm-Fri 4:30pm certification of order entry and market data, new products, hosted exchanges, envoy, development Trading Floor Help Desk +1 312 435 7100 M-F 5:30am-5:00pm trading floor technology support  Galax-C Support Desk +1 312 435 7141 M-F 5:30am-5:00pm handheld distribution & maintenance; application/admin/tech support; training Telecom +1 312 930 8500 M-F 6:30am-5:00pm trading floor, back office and all other telecom Market Regulation Department +1 312 341 7970 M-F 8:00am-5:00pm questions concerning exchange trading rules and policies  Market Data Distribution/Licensing Americas: +1 312 634 8395
marketdata@cmegroup.com

EMEA & APAC: +44 20 3379 3856
marketdataemea@cmegroup.com M-F 8:00am-5:00pm distribution and licensing of market data; vendor support and account management Datamine +1 312 634 8870
DataMineSales@cmegroup.com M-F 7:15am-5:00pm fee-based historical data service E-quotes support@cme-equotes.com
sales@cme-equotes.com   real-time quotes, news and charts

Membership and Shareholders Membership Services +1 312 435 3480 M-F 7:00am-5:00pm floor broker requirements, obtaining membership Shareholder Relations +1 312 930 3484 M-F 8:00am-5:00pm  

Questions and Contact Information CME Group Switchboard +1 312 930 1000
+1 866 716 7274 Toll Free M-F 7:00am-5:00pm directory information

Clearing Services Clearing Services +1 312 207 2525   Trade Giveups, The Mutual Offset System (MOS), Option Expirations, Exchange for Physicals (EFP), Issues with trades executed in the pit, SLEDS, Price edits on trades, Trade prices out of "Historical Range", Trade transfers between firms, Issues regarding Front End Clearing (FEC), Average Price System (APS), Give-up Payment System (GPS), Broker Payment System (BPS) Systems Development +1 312 207 2514   FTP Server (SPAN Files), Specific Exchange SPAN File General Clearing Division +1 312 930 3170   CME Clearing Advisories, PC-SPAN Order Invoices Deliveries +1 312 930 3172   Delivery intents, Storage fees, Cash settlements, Delivery Points/Facilities, Assignments Financial +1 312 207 2594   Acceptable Collateral, Pledging Collateral, IEF Programs (IEF2, IEF3, IEF4, IEF5), Letters of Credit (standby/pass through), Approved Settlement Banks, Currency Haircuts Risk Management +1 312 648 3888
info@cmegroup.com   PC-SPAN Software, Margins, Performance Bonds, Financial Safeguards

Building Services Security, 20 S. Wacker +1 312 930 3111 24 hours all emergencies Security, 141 W. Jackson +1 312 435 7180 24 hours all emergencies Visitor's Center +1 312 435 3590 M-F 8:00am-4:00pm tours, receptions, CME Group store

Worldwide Listings NYMEX World HQ/NYC +1 212 299 2000 M-F 8:00am-5:00pm*  - London Office +44 20 3379 3700
europe@cmegroup.com M-F 8:30am-5:30pm* HQ for operations In Europe, Middle East, Africa European GCC +44 20 7623 4708
egcc@cmegroup.com M-F 7:00am-5:00pm* all non-US and non-Asia GCC inquiries Singapore Office +65  6593 5555
asiateam@cmegroup.com M-F 8:00am-5:00pm

Turd Ferguson's picture

Fucking amazing.

Nice call, Tyler.

saturn's picture

Zer0 Hedge 0racle bless us with your unending wisdom.

vast-dom's picture

 

 

 

Criminal

Mob

Exchange ................... stretching that Ponzi money out just a bit longer along the timeline...

Mactheknife's picture

We're going to wake up one morning to a bidless market...

Stoploss's picture

I just checked all my Swiss bullion.

No trouble there today.

Still outperforming the market and everything else.

Well, except for GOOG today.

B-rock's picture

ES isn't on the list, alas...

B-rock's picture

Why should I be junked for stating the fact that ES is indeed NOT on the list? Fuckhead.

Salah's picture

It's Chicago-style Pizza.....err, politics.  Gotta keep O'Bozo in.

AGuy's picture

Tyler One Small request could you tweeht:

"Time for the Gold Cartel to drop the price of gold below $1000".

I would really like the opportunity to buy on the dip!

Thanks!

 

SILVERGEDDON's picture

How come if leverage falls in the market, no one hears a sound ?

Bobbyrib's picture

Rubicon, you are proof that some people don't quite understand how propping up the market works. If they don't lower the margin requirements massive selloffs to meet the calls would sink the market. It is common sense for anyone who understands our corrupt financial sector as Tyler seems to.

Robslob's picture

Must....have.....leverage....to....grow......ahhhhhh.....help me I am melting!!!!!!!!!!!

ParkAveFlasher's picture

And, Scarecrow just lit himself on fire.

Cue Flying Monkeys ...

spastic_colon's picture

Just more leverage to undo on the way down

CPL's picture

what a world watta wurilllddd.

The Shootist's picture

Oh no, the markets are down! Halt the indices, it's for the children. Get Wawwen Buffet in here to lull the masses with ukulele songs.

TruthInSunshine's picture

But if the stock market is allowed to fall, ever, it will destroy Helo-Ben's Virtuous Circle Jerk econometric model!!!

DeadFred's picture

They can read charts too. They know there is very little beyond air to support prices now and they're scared. This BS is frustrating but see it for what it is, pure fear.

Miss Expectations's picture

"I can't come back, I don't know how it works."

alstry's picture

"Tyranny is defined as that which is legal for the government but illegal for the citizenry." Thomas Jefferson 
 
Does anyone on this board really think a private bank/government can simply print money out of thin air, QE, without being tied to production? If so, than why wouldn't every citizen in a democracy vote for government to print them their own money...just like it is doing for the top part of the pyramid? 
 
Once we started down the path of QE....the system based on a rule of law failed. Once the rule of law fails, it is only a matter of time before the people figure it out and reject the system....which is now occurring with increasing intensity globally.

When we are all milking off the fraudulent promises of each other, you know its an Udder World.

seek's picture

Uhm... We have a government running a $1.5T deficit and using the funds to support dozens of transfer payment programs for the "less fortunate" and a handful of wars. Not every citizen voted for this, but yes, it's affecting every citizen alright. It ain't just the top of the pyramid here.

People aren't going to "figure it out and reject the system." The system won't allow itself to be rejected. So the alternative happens, accelerating printing and lawlessness until the thing goes kaboom.

Kaboom is inevitable. Kaboom is the only option.

I've seen the future, and it looks like this: http://onastick.net/sitz/images/

 

alstry's picture

Without the printing...EVERYONE would be broke and the top part of the pyramid would look just like the bottom.  At that point, we could truly say all men really are equal.

Throughout history, there has always been three forms of money:  Love, Trade and Force.  Clint Eastwood always possessed all three when he rode into town.

As far as the new shape of our economic pyramid, it would resemble the following: ______________________

blunderdog's picture

    Without the printing...EVERYONE would be broke and the top part of the pyramid would look just like the bottom.

Don't be silly.  There were rich folks long before there was a Fed or even the USA.  There's never been any difficulty in figuring out who's "atop the pyramid."

merizobeach's picture

Leonard Cohen saw the future, too.  He said it's going to be murder.

Brother Sebastian's picture

Very well written...and correct.  But I'm not so sure "the people will figure it out."  When I use the same arguments you wrote above on my well-educated, supposedly intelligent friends, they vehemently disagree.  Sadly, the rule of law failed a long time ago in our country.  If and when the majority of Americans do "figure it out" and take to the streets, the government will use all those hollow-point bullets it purchased a short time ago, as well as deploy the assault vehicles, drones and "protectors of freedom" it pays to maintain order.  American will be pitted against American because the real enemy is us...not the taliban or the so-called "axis of evil" nations.     

XitSam's picture

Cloward-Piven strategy. Occupy was a proof of concept.

Brother Sebastian's picture

Very well written...and correct.  But I'm not so sure "the people will figure it out."  When I use the same arguments you wrote above on my well-educated, supposedly intelligent friends, they vehemently disagree.  Sadly, the rule of law failed a long time ago in our country.  If and when the majority of Americans do "figure it out" and take to the streets, the government will use all those hollow-point bullets it purchased a short time ago, as well as deploy the assault vehicles, drones and "protectors of freedom" it pays to maintain order.  American will be pitted against American because the real enemy is us...not the taliban or the so-called "axis of evil" nations.     

Mactheknife's picture

" The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations."  Thomas Jefferson

merizobeach's picture

Well, that part's done.  What did he say would happen next?

alstry's picture

Raise margins....lower margins....does it really matter anymore?

blu's picture

Dammit Tyler, least you could do is Tweet something that could make us some money.

40 minutes warning is fine. Love ya baby.

a growing concern's picture

Like "Just discovered: FAZ is selling at a 99% discount to NAV"

Buckaroo Banzai's picture

What is most horrifying is not what the CME is doing, it is that 99.99% of Americans still have no clue that our financial markets are totally rigged. They will wake up one morning and their money will be all gone and they will be exceedingly confused and will turn on the TV and some douchebag will tell them some giant fucking lies, and they will believe it.

Robslob's picture

Unless they own physical.

Physical Definition in the 21st Century:

Food

Water

Guns

Ammo

Booze

Farm Land

Gold

Silver

Anything that can't be printed by the government...etc...etc...etc...

Haager's picture

Acttually, owning physical will be prohibited wherever possible. And margins on food&water will be tightened further.

samsara's picture

Yes, and Drugs have been prohibited for decades but it is easy to buy/trade them.

 

If cash is outlawed,  only outlaws will have cash.