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Variation Margin on Futures?

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Not applicable
Yesterday I bought an ALMI and the variation margin cost me 22 bucks. I bought one this morning and the variation margin cost me 16 bucks. What is this that I am paying for?
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3 REPLIES 3
Valued Contributor
nah .. on the almi the margin is 2,700.00 .. you're talking about your profit ???
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Not applicable
No, I'm not. This is from the website: When I bought: Price (R) / Index Value 28159 Brokerage and VAT -14.25 Variatio margin (R) 166 AND when I sold: Price (R) / Index Value 28219 Brokerage and VAT -14.25 Variatio margin (R) -106
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Super Contributor
Variation margin is the daily profit or loss of the future.
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