This clearing model allows a CM to permission a Non-Member Broker Intermediary to create and manage their customers in CME ClearPort.
Setting up a Non-Member Broker Intermediary account is the same process as creating a standard ClearPort account. Just check the box on the Account Setup page next to ‘NCM Account’ as highlighted below.
If a firm is not registered, they must visit www.cmegroup.com/clearport/registration.html and have a risk admin register for Account Manager.
1. Create Non-Member Broker Intermediaries accounts via ClearPort Account Manager
2. Set Market Permissions for Non-Member Broker Intermediary account
3. Set Broker Permissions
Note: only brokers enabled at the Non-Member Broker Intermediaries Account level will be available for at the sub account level* 4. Set the risk levels of Non-Member Broker Intermediary account
Note: Trading sub accounts will inherit: SEG TYPE, CTI code, market permissions, product permissions, and broker permissions from the clearing account. These fields will not be editable on a trading sub account level.
Contact the onboarding team at EASE_OTC_Request@cmegroup.com with any questions.
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