Clearing Systems and Operations

Clearing Operations and Deliveries

The Clearing Systems and Operations section presents all of the information market participants need to understand the clearing process and how CME Clearing manages each trade. 

Clearing Systems

Clearing Calculations

    • Average Pricing Calculations
    • Average Pricing Calculations Read about Average Pricing, which replaces a group of transactions at various prices with a smaller set of transactions at an average price.
    • TAS, TAM and BTIC Trades
    • TAS, TAM and BTIC Trades Read a summary of the special processing behavior in CME Clearing’s trade messaging for TAS, Trade at Marker (TAM), and BTIC transactions.

More in Clearing