---
title: Margin Requirements, Market Liquidity, and Volatility in Futures Markets
url: https://www.ml-quant.com/papers/ssrn/7691499/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-14
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7691499
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7691499
featured: 2026-11-13
citations: unknown
topic: Trading, Microstructure & Execution
---


# Margin Requirements, Market Liquidity, and Volatility in Futures Markets

Using exogenous variation in maintenance margins across futures, the research finds higher margins reduce trading volume by 2.67%, cut liquidity by 7.51%, and raise volatility by 2.59%.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7691499
- Identifier: SSRN 7691499
- Released: 2026-11-11
- First featured: Quant Letter No. 139 (2026-11-13): https://www.ml-quant.com/issues/2026-11-13/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution
- Authors: Gabriel Bracons

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