Individual Firm Representative User Roles - Transactional:

  • Trader - A user representative of a Trading Firm, who can be associated as the Lead Trader for specific Deals in ClearPort.

Trade Entry: None.  In ClearPort, Trader users do not have Trade Entry privileges.  For traditional Two-sided Deals, a Broker must enter the Deal on behalf of the Trading Firm.  For Single Sided Deals, either a Broker or an Asset Manager must enter deals for on behalf of the Trading Firm.
For traditional Two-sided Deals, when the Broker enters then Deal, after selecting a Trading Firm as the Buyer or the Seller, the Broker then must select a Lead Trader for that Deal (via the "Name" dropdown) from among the list of the selected Trading Firm's Traders.  (For Single Sided Deals, selection of a Lead Trader is permitted but not mandatory.)
Trade Visibility:     Traders can view only those Deals for which s/he has been selected as the Lead Trader.

  • Single Side Trader - A user representative of a Single-side Trading Firm, who can enter Alleged Deals.

Trade Entry:           Single Side Trader users have Trade Entry privileges for Single Sided Deal entry of Alleged Deals.  When a counterparty selects the Single Side Trading Firm on the Opposite Side of an Alleged Deal, the firm's Single Side Traders are visible and eligible for selection as the Lead Opposite Trader.
When a counterparty enters an Alleged Deal, it selects as the counterparty on the Opposite Side of the Alleged Deal a Firm which either is (i) a Single Side Trading Firm, (ii) an Asset Manager Firm or (iii) a Broker Firm.   The counterparty also may select a Lead Opposite Trader for that Alleged Deal (via the "Name" dropdown) from among the list of the selected Opposite Side Single Side Trading Firm's Single Side Traders.
Trade Visibility:     A Single Side Trader can view only (1) Deals (including Alleged Deals) that s/he has entered, and (2) Alleged Deals (and, following iming, Deals) for which s/he has been selected as the Lead Opposite Trader.

  • Lead Trader - see Trader above.
  • Broker - A user representative of a Broker Firm that mediates transactions between a Buyer and Seller on a Deal.

Trade Entry:           The Broker enters the Deal in the ClearPort Trade Entry screen for each Trading Firm it represents.
Trade Visibility:     The Broker can only view the Deals that they enter.

  • Asset Manager - A user representative of an Asset Manager Firm that mediates transactions between a Buyer and Seller on a Deal.

Trade Entry:           An Asset Manager can enter an Alleged Deal, either to be Claimed by the counterparty or Matched to a corresponding Alleged Deal entered by the counterparty.
An Asset Manager also can Claim an Alleged Deal (currently this functionality is available only for CDS products.)
The Asset Manager enters transactions in the ClearPort Single Side trade entry screen or can Claim Alleged Deals for each Trading Firm they represent.  They can Claim Alleged Deals from the blotter ticket when they have been selected as the Lead Opposite representative.

Individual Firm Representative User Roles - Administrative:

  • Trade Administrator - An administrative user representative of the Trading Firm.

Trade Entry:           None.  In ClearPort, Trader Administrators do not have Trade Entry privileges.  However, the same user can be permissioned as both a Trade Administrator and a Trader.
The Trade Administrator is not listed in the "Name" dropdown and therefore also cannot be selected as a Lead Trader by a counterparty.
Trade Visibility:     A Trade Administrator can view all transactions entered for a Trading Firm.

  • Single-Side Trader Administrator - An administrative user representative of a Single Side Trading Firm.

Trade Entry:           A Single Side Trader Administrator has all Trade Entry privileges of a Single Side Trader.
In addition, when an Alleged Deal has been entered without any Lead Opposite Trader selected, the Single Side Administrator is the only user that can Claim the Alleged Deal for the Opposite Side Single Side Trading Firm.
Trade Visibility:     A Single Side Trader can view (1) all Deals (including Alleged Deals) entered by the Single Side Trading Firm, and (2) all Alleged Deals (and, following Claiming, Deals) Alleging the Single Side Trading Firm on the Opposite Side.

  • Broker Administrator - An administrative user representative of a Broker Firm.

Trade Entry:          None.
Trade Visibility:     A Broker Administrator can view all transactions entered for by Brokers in the Broker Firm.

  • Asset Manager Administrator - An administrative user representative of the Asset Manager Firm.

Trade Entry:           An Asset Manager Administrator has all Trade Entry privileges of an Asset Manager for the Trading Firms on behalf of which the Asset Manager Firm has been permissioned to act.
In addition, when an Alleged Deal has been entered without any Lead Opposite Trader selected, the Asset Manager Administrator is the only user that can Claim the Alleged Deal for the Opposite Side Trading Firm.
Trade Visibility:     An Asset Manager Administrator can view all transactions entered for by Asset Managers in the Asset Manager Firm.

  • Verification Officer - For any type of firm, the administrative user representative that is given ClearPort Administrator privileges for all product lines.  This user is given a combination of the following roles: Trader Administrator, Broker Administrator, Asset Manager Administrator or Single Side Administrator.  The Verification Officer has visibility to user lists and authority to add and remove firm users (via e-mail to the CME ClearPort Market Operations team).

Trade Visibility:     The Verification Officer can view all firm Deals for all users.

  • Clearing Firm Administrator - An administrative user representative of a Clearing Firm.

Trade Visibility:     A Clearing Firm representative that is permissioned to view all Deals for all Trading Firm Trading Accounts that the Clearing Member holds.

Individual Firm Representative User Roles - Managerial*:

  • Verification Officer (and Backup Officer) - First (and backup) contact for any day-to-day Firm related issue.
  • Legal Contact - Contact for firm legal issues.
  • Information Technology Contact - Contact for issues related to technology.

*  With the exception of the Verification Officer, Managerial Representatives do not have ClearPort access privileges.