CME Clearing Europe offers integrated, straight-through clearing via CME ClearPort for both OTC commodity and financial derivatives and block trades in exchange traded derivatives on CME Europe. We also provide straight-through clearing via CME Globex for exchange traded derivatives on CME Europe.
OTC financial derivative trades can also be entered via a variety of widely used affirmation platforms. In addition, CME Direct can be used for routing OTC commodity and financial trades or trading exchange traded derivatives on CME Europe, for clearing at CME Clearing Europe.
We provide users with a wide range of clearing functions and data applications, including:
OTC commodity and financial derivatives can be entered for clearing at CME Clearing Europe through CME ClearPort.
CME ClearPort can also be used to enter block trades in exchange traded derivatives on CME Europe for clearing at CME Clearing Europe.
CME ClearPort is the point of entry to clearing at CME Clearing US for more than 700,000 contracts daily and brings together more than 17,000 registered users around the world. It is the clearing entry mechanism of choice for commercial, banking, investment, and trading entities, as well as inter-dealer brokers and clearing firms. As the entry point to clearing, CME ClearPort helps customers to:
Transactions submitted for clearing through CME ClearPort benefit from pre-execution risk controls. These allow clearing members to control the creation of accounts, permission tradable products, set position limits and establish an overall initial margin requirement limit. The controls are designed to function as collective risk protection: giving risk assurance to clearing members and their clients, as well as to CME Clearing Europe.
CME ClearPort is available as a graphical user interface (GUI) and an applications programming interface (API). Its web-based GUI enables OTC market participants to submit matched trades for clearing. They can conduct their own transactions and take advantage of the financial security of clearing through the CME Clearing Europe by using CME ClearPort.
The CME ClearPort API offers a robust specification for defining reference data, handling trade submissions and allowing users to obtain feedback on submissions. Clients can take advantage of new CME ClearPort functionality and features through the API.
Trading firms and brokers who already use CME ClearPort to enter trades into CME Clearing in the US can request to have their logins updated so they can also access CME Clearing Europe products.
CME Clearing Europe's clearing services for OTC commodity and financial derivatives will offer an execution agnostic, open access clearing solution to both buy-side and sell-side participants, providing dealer-to-dealer, dealer-to-client, and client-to-client clearing, irrespective of where the trade is executed.
In addition, CME Direct, our free web-based trading screen, provides an easy and simplified way to trade on CME Europe, our new London-based derivatives exchange, by connecting to both CME Globex and CME ClearPort.
To find out more about trading on CME Europe, please visit www.cmeeurope.com/trading
CME Direct will enable users to:
Learn more about CME Direct and request a test login
Electronic trades on CME Europe will take place on CME Globex, our electronic trading system for futures and options.
CME Globex offers a wide range of futures and options in thousands of possible expirations and spreads, including interest rates, equity indexes, foreign exchange, agricultural commodities, energy, metals, weather, real estate and environmental commodities.
Customers are able to connect via existing channels if they are already members of CME Group, or choose a new connection route. For Block and EFRP trades, CME ClearPort will bring these trades under the rules of CME Europe and CME Clearing Europe for clearing.
Participants have the choice of direct access though one of our global hubs, co-location, via one of our Clearing Members, or through an independent service vendor (ISV).
CME Direct, our free web-based trading screen, provides an easy and simplified way to trade on CME Europe by connecting to both CME Globex and CME ClearPort.
With global distribution and international hubs, CME Globex offers trading around the globe and around the clock.
CME Globex offers customers:
The two execution counterparties will negotiate and execute the trade. Matched trades will be entered into the clearing process through several market-leading affirmation platforms and electronic execution facilities, including:
Alternatively, trade entry through CME ClearPort, available as a GUI and an API, will also be possible. Trades will be guaranteed by CME Clearing Europe once accepted by the clearing members of the executing parties.
E-mail: Clearing Support London