Futures block trades are privately negotiated trades between two eligible counterparties which are subsequently submitted to the CME Clearing House
Available at all times including throughout the weekend
The Minimum Threshold is 50 contracts. The marketplace is notified of block trade minimum quantity thresholds and any changes thereto via a Special Executive Report (SER) issued by Research & Product Development. To receive these reports via email, sign up at cmegroup.com/subscribe.
Each party to a block trade must be an Eligible Contract Participant as that term is defined in Section 1a of the Commodity Exchange Act. For more information on Eligible Contract Participants visit www.law.cornell.edu/uscode/text/7/1a.
A block trade must be price reported within 5 minutes of the execution of the transaction.
CME Direct/ClearPort provides direct entry into Front-End Clearing (FEC). Block trades reported through CME Direct/ClearPort fulfill price reporting requirements and submission of the block trade to CME Clearing.
Use CME Direct to instantly process voice-negotiated blocks. Brokers using CME Direct can efficiently open a CME Direct trade ticket, populate the details of a block trade, and submit the deal directly to clearing, eliminating the need to phone in the details.
CME Direct Block Trade Features:
Contact firstname.lastname@example.org for access to blocks through CME Direct.
Global Command Center (“GCC”)
Block trades price reported to the GCC or Exchange staff must be submitted to CME Clearing through the FEC user interface via the portal under block entry.
Reporting the trade to GCC fulfills only the price reporting requirement and requires subsequent entry into FEC to complete the clearing obligation.
Report the block trade by calling the GCC at:
+44 20 7623 4747 (Europe), +1 800 438 8616 (US), +65 6532 5010 (Asia)
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