Topics in this issue include:
Effective immediately, CME Group offers Futures Commission Merchants (FCMs) and Broker Firms the ability to register their customers/Trading Firms as CME ClearPort counterparties for a more efficient registration process. This enhancement is designed to facilitate deal submissions that require a CME ClearPort Account (traded either on CME Direct or CME ClearPort), where the Trading Firms do not require direct access to CME Group systems.
Expedited registration process:
Click here to access the registration form.
Please contact Enterprise Application & System Entitlements (EASE) with questions or concerns pertaining to CME Counterparty Firm Registration in the U.S. at +1 312 456 1560, Europe at +44 203 379 3802 or Asia at +65 6593 5536.
Short Code Account
FCMs can now create Short Code Accounts in CME Account Manager. Short Code Accounts are used to represent an entity where an account is required for CME ClearPort or CME Direct. A Short Code Account extends the Commodity Trading Advisors (CTAs), Investment Advisors (IAs), and foreign persons performing a similar role to a CTA or IA registration exemptions to any participant in cases where trades will likely be given up after entry.
The account can be used for block trades and Exchange for Related Position (EFRP) Transactions. Executed “give-up” agreements must be in place if required.
Short Code Accounts are not eligible for cleared swap trades.
For more information on Short Codes Accounts, please contact ShortCodeAccountReg@cmegroup.com.
Please refer to the most current Market Regulation Advisory Notice for additional information and regulatory requirements for block trades.
† Denotes update to the article
† In response to the June 30 Leap Second Event, CME Group strongly recommends CME ClearPort API customers finish their processing prior to 18:55 Central Time (CT) on this date and not access CME ClearPort API between 18:55 and 19:05.
CME Group uses Network Time Protocol (NTP) to synchronize time and maintain time accuracy. On Tuesday, June 30 (trade date Wednesday, July 1), a positive leap second will be added after 18:59:59 CT. A leap second is a one-second adjustment that is added to Coordinated Universal Time (UTC) to account for variability of the earth’s rotation.
Please contact the Global Command Center (GCC) in the U.S. +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010.
Additional information is available at cmegroup.com/leapsecond
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.