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Comment for Proposed Rule 84 FR 36434

  • From: Mike Ianni
    Organization(s):
     Private Investor

    Comment No: 62195
    Date: 8/29/2019

    Comment Text:

    August 29, 2019

    Dear Mr. Kirkpatrick and Ms. Countryman:

    It is my belief that the margin requirements on Single Stock Futures should be on par with other risk based margin in today's markets.

    Lowering the requirement to 15% will help but it will still be higher for many equivalent positions in the equity market when Portfolio Margin is used.

    OneChicago has a unique product that has the ability to compete with other Exchanges with respect to swaps/EFP's and as such they should have equivalent margin requirements for similar type positions.

    thanks,
    Mike Ianni
    Private Investor

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