The Clearing Systems and Operations section presents all of the information market participants need to understand the clearing process and how CME Clearing manages each trade.
Average Pricing CalculationsRead about Average Pricing, which replaces a group of transactions at various prices with a smaller set of transactions at an average price.
TAS, TAM and BTIC TradesRead a summary of the special processing behavior in CME Clearing’s trade messaging for TAS, Trade at Marker (TAM), and BTIC transactions.
Treasury Futures Price Rounding ConventionsGet information on marks-to-market in U.S. Treasury Futures and Options including conventions for computing variation margin amounts.