User Roles

User Help System

User Roles

ClearPort allows participants multiple ways to enter executed OTC deals for clearing services. The exchange is responsible for setting up firms and assigning firm and user permissions. Clearing Members (CM) create accounts (using Account Management Service) and assign Broker and Asset Manager relationships. A single firm can operate more than one business model.

The following Firm Type / Roles are available for entitlement assignment.

Firm Type	Description
Clearing Member	Clearing Members set up trading accounts for Trading Firms and manage the account risk. Clearing Member firms with On-Behalf-Of (OBO) entitlement can submit trades on behalf of active or passive clearing firms.
Trading Firm	A Firm that is the beneficial owner of one or more trading accounts held with a Clearing Member. A Trading Firm can have a relationship with one or more Clearing Members. While other Firm types (Broker Firms, Asset Manager Firms) can have permission within CME ClearPort to act in the Trading Firm's trading account(s), only a Trading Firm can be the owner of a trading account.
Single-Side Trading Firm	Trading Firms must “opt in” to directly transact on single-sided deals by registering as an Active Trading Firm. However, Trading Firms that transact through a Broker using single-sided trade entry do not need to register as an Active Trading Firm. All registered Brokers and Asset Managers are automatically eligible for single-side trade entry with no additional registration required. Note: Participants should be aware that the list of Brokers, Active Trading Firms and Asset Managers for a specific product is shown in a dropdown menu to other participants in that market when a trade is being entered. Trading Firms can have multiple clearing firm relationships with on-behalf-of (OBO) entitlement. OBO trading firms cannot submit trades. To opt in or out, notify CME Enterprise Application & System Entitlements (EASE).
Broker Firm	Broker Firms can enter deals. A Broker Firm can be selected as a Broker with respect to a trading account by the Clearing Member. A trading or clearing firm can register as a Broker if seeking to book a dual-sided deal, even if not acting as a transaction intermediary.
Asset Manager Firm	An Asset Manager Firm can be selected to submit deals in Clearing Member trading accounts. If the Clearing Member confirms the Asset Manager Firm has authority to act, the firm can enter single-sided deals for those trading accounts.

User roles are assigned by the CME Group when the firm is established.

Role	Description	Trade Entry	Trade Visibility
Trader	A user representative of a Trading Firm, who can be associated as the Lead Trader for specific deals in CME ClearPort.	None. Trader users do not have trade entry privileges. For single-sided deals, either a Broker or an Asset Manager must enter deals on behalf of the Trading Firm.	Traders can view only those deals for which they have been selected as the Lead Trader.
Single-Side Trader	A user representative of a Single-Side Trading Firm who can enter alleged deals.	Single-Side Trader users have privileges for single-side 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. When a counterparty enters an alleged deal, it selects a firm as the counterparty on the opposite side that is a Single-Side Trading Firm, an Asset Manager Firm, or a Broker Firm.	A Single-Side Trader can view submitted deals (including alleged deals)
Broker	A user representative of either: A Broker Firm that mediates transactions between a Buyer and Seller on a deal. A trading firm seeking to enter deals, even if not acting as a transaction intermediary. A FCM entering trades on behalf of one or both transaction participants, even if not acting as an intermediary.	The Broker enters the deal in the CME ClearPort Trade Entry screen for each Trading Firm it represents. The Broker enters a deal, assigning themselves as one side of the transaction and selects the counterparty for the other. The FCM enters the deal on behalf of one or both transaction participants.	A 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.	An Asset Manager can enter an alleged deal to be claimed by the counterparty, or matched to a corresponding alleged deal entered by the counterparty. The Asset Manager enters transactions in the CME ClearPort single-sided trade entry screen or can claim alleged deals for each Trading Firm they represent.	None
Trade Administrator	An administrative user representative of the Trading Firm.	None. Trader Administrators do not have trade entry privileges.	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.	A Single-Side Trader Administrator has all trade entry privileges of a Single-Side Trader. In addition, when an alleged deal has been entered, the Single-Side Administrator is the only user that can claim the alleged deal for the opposite side firm.	A Single-Side Trader Administrator can view all deals (including alleged deals) entered by the Single-Side Trading Firm, and all deals alleging the Single-Side Trading Firm on the opposite side.
Broker Administrator	An administrative user representative of a Broker Firm.	None	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.	An Asset Manager Administrator has all trade entry privileges of an Asset Manager. In addition, when an alleged deal has been entered, the Asset Manager Administrator can claim the alleged deal for the opposite side Trading Firm.	An Asset Manager Administrator can view all Asset Manager transactions.
Verification Officer	For any type of firm, the administrative user representative is given CME 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 can view lists of firm users, and add and remove firm users by contacting Enterprise Access and System Entitlements (EASE).	None	The Verification Officer can view all firm deals for all users.
Clearing Firm Administrator	An administrative user representative of a Clearing Firm.	None	A Clearing Firm representative that is permissioned to view all deals for Trading Firm accounts that the Clearing Member holds.
Clearing Firm Clerk	Clearing Firm Clerks can submit, allege and/or claim deals, and submit deals on behalf of trading firms. Can select the counterparty on the opposite side of the alleged deal. and required information may vary based on the type of counterparty selected.	Can perform the following activities on behalf of trading firms: Active Trading Firms: submit, allege, claim, and view trades. Passive Trading Firms: view or claim submitted trades entered by the Broker, Asset Manager or Clearing Firm on their behalf.	View entered, alleged or claimed trades.
Clerk	A Clerk can enter and submit trades / deals on behalf of brokers, asset managers or active traders at their firm. Upon request from a designated firm officer or administrator, this role is assigned by CME Group.	On the Trade Entry / Blotter screens, a Clerk can enter, submit, and copy deals trades on behalf of Brokers, Asset Managers or Active Traders at their firm. The Clerk cannot be selected as designated for deals. The Clerk can void / cancel and void their non-matched deals.	For entered trades, a Clerk can view the designated Broker, Asset Manager or Active Traders. They can view the Trade Summary report for their submitted trades, or for trades submitted by others in which they were a participant. A Clerk is identified by their first initial and last name.