I used to trade the Short Sterling IG market years ago and the margin requirements were 10% of what they are today. They seem totally out of sync with volatility, the market and don't change even with a guaranteed stop.
At £1 a pip, almost £2,000 margin is required! I know negative interest rates can and have happened but that is a bit of a stretch if I'm going short.
Is this an error or am I missing something?
Thanks