Price Trades

6713 -25

6709 +15

6706 +25

6718 -20

6725 -30

6732 +30

6715 -20

6712 Close

1. Consider the table which shows trading in the SPI200 futures contract. What is your:

a) Open position at the close

b) Maximum open position

c) Initial margin, presuming your maximum position is your maximum trading limit

d) Your maintenance margin

e) Profit / loss on your trading in points and dollars

f) How much money is transferred to your margin account and by whom?

g) What trade would close out your position?

h) Explain whether or not you needed to perform a credit check on each counterparty to your trades