Broker Payment Systems (BPS)


BPS facilitates brokerage payments to filling brokers by member firms via automatic debits to member firms' bank accounts. The system eliminates the costly labor-intensive task of preparing and distributing monthly checks to brokers and assures timely brokerage payments.

Daily and monthly reports and data files produced for each firm detail executed trades, volume, and rate applied to each trade. Monthly banking reports are produced for brokers and firms.

BPS Processing Overview

At the end of each trading day, all trade records are processed through BPS, which tries to match each trade against a firm-entered rate. The rates entered by the firm can be specified by:

  • Account
  • Broker
  • Commodity
  • Default rate

As trade records are corrected or later given-up in the clearing system, BPS adjusts the charges. At the end of each month, preliminary reports show the trading activity for that month, and the amount of money that will be debited from the firms’ accounts and credited to the brokers’ accounts.

Firms have three banking business days to make adjustments to either the trading activity in BPS or to the payment that will be made. Adjustments to trading activity might be necessary if a trade cleared with an incorrect broker symbol. Firms can withhold payment for a month if major discrepancies exist.

At the end of the three banking business days, final monthly reports are produced, reflecting any firm-made adjustments. The banking reports reflect the amount of funds that the firm should make available for transfer. Additionally, the brokers’ banking statements detail the amount of money to be transferred into their accounts on a per firm basis.


New Firm Requirements

  • Complete and submit banking information (including a voided check) to the CME Membership and Registration Department to be recognized by BPS.
  • Complete and sign Online Security Access Forms to be able to set rates and make changes to trading activity online.
  • Set rates prior to 7:00 p.m. on their first trading day to avoid having to manually calculate brokerage owed.


Broker Requirements

Complete and submit banking information (including a voided check) to the CME Membership and Registration Department to be recognized by BPS.

CME Monthly Banking Cycle
Banking Business Day Action Taken
1 Preliminary Detail and Banking Reports are distributed
4 Final Detail and Banking Reports are distributed
4 CME sends instructions to debit firms' banking accounts
7 CME sends instructions to credit brokers' banking accounts
8 Funds are transferred to banks for distribution to brokers' accounts


Read BPS Broker Reports and Fee Deposits Calendar (PDF)

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.

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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.