Margin Trading gone?

Is this a new news item? I saw it on my RSS feed on my site - but the date makes it confusing -

Intrade Margin Trading
Tuesday, Aug 14, 2007

From Wednesday November 26th all margin trading on Intrade will be withdrawn. All markets have now been switched to worst-case-loss margining.

The $5.00 monthly margin charge will no longer be charged.

Not that it effects me - bec the only thing I even consider trading on Intard is the daily DOW - but there will be many unhappy people if all of a sudden their long term contracts move to worth case loss without any notice - except a well hidden news item that people wont see till their account has been adjusted.

Not sure how this can help increase volume of those long term contracts either. Curious decision.

I'm for it, the worst case scenario when trading on margin is that when a margin call is made, the market isn't liquid, and the trade is executed below market value. Although it will reduce trading volume and virtually increase the spread at which long term contracts trade, it the risks of a catastrophe. It would not be prudent, however to implement such a policy retroactively.

That happened over a year ago. I don't know what's wrong with your RSS feed, but it is indeed not news.

Delphi wrote:

That happened over a year ago. I don't know what's wrong with your RSS feed, but it is indeed not news.

It's not just an RSS feed. Click the news link on the main page -- it's the most recent news item listed, complete with the curious 2007 date.