Clearing Membership

Overview

Clearing members protect buyers and sellers from financial loss by assuring performance on each traded contract. Although many different customers trade at CME Group, all trades are ultimately conducted between CME Clearing and a clearing member.

Clearing Membership

Clearing members play a valuable role in the clearing process. They are highly capitalized, closely monitored and carefully selected companies that guarantee all trades made through CME Group’s Exchanges (CME, CBOT, NYMEX and/or COMEX) and/or cleared by CME’s Clearing House. A clearing member must be registered as an Futures Commission Merchant with the CFTC if it will clear customer trading activity. A clearing member must have privileges of clearing membership on an Exchange in order to clear that Exchange’s products. For example, CME products must be cleared by a clearing member that has CME clearing membership privileges.

Clearing members assume full financial and performance responsibility to CME’s Clearing House for all transactions executed through them and/or cleared by CME’s Clearing House. Clearing members are responsible and accountable for every position they carry, whether it is for the account of a member, non-member customer, the clearing member’s affiliates or its own proprietary account.

CME Requirements for Clearing Firms
Clearing Firm Members

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

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Toll Free: +1 866 716 7274

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.