What is the initial margin requirement for buying one S&P 500 futures contract at a price of 4,500 points?
Understand the Problem
The question is asking to determine the initial margin requirement to buy an S&P 500 futures contract priced at 4,500 points. We need to calculate or provide the specific dollar amount based on typical margin requirements for futures contracts.
Answer
$12,650
The initial margin requirement for buying one S&P 500 futures contract at a price of 4,500 points is $12,650.
Answer for screen readers
The initial margin requirement for buying one S&P 500 futures contract at a price of 4,500 points is $12,650.
More Information
The initial margin requirement is an amount of money that a trader must deposit with their broker to open a position in futures trading. It acts as a security for contract obligations and is determined by regulatory bodies or exchanges.
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