Cleared OTC FX

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CME Group has worked closely with buy-side and sell-side participants to build a multi-asset class, market leading OTC clearing solution.

Key Benefits

  • Industry-leading customer protection through CME Clearing's use of the US FCM Clearing model
  • Full transparency via direct access to daily valuation reports and the CME CORE margin tool
  • Superior technology enables real-time clearing with straight-through processing
  • NDFs, CSFs and OTC FX Options all supported
  • All OTC FX products reside in the CME Base Guaranty Fund delivering material capital efficiencies and enabling portfolio margining

Product Offering

  • Streamlined onboarding process with automated account setup for clients who already have IRS clearing accounts
  • Real time clearing in all time zones, offering the ability to clear trades 23 hours and 45 minutes per day, five days per week
  • Platform agnostic service via CME Clearport that is compatible and connected with industry platforms including Markitwire, Traiana and Blomberg VCON

11 OTC FX Non-Deliverable Forwards (NDFs):

USD/BRL
USD/CNY
USD/KRW
USD/RUB
USD/CLP
USD/INR

USD/PHP
USD/IDR
USD/TWD
USD/COP
USD/PEN

* All in USD Settlement

26 OTC FX Cash-Settled Forwards (CSFs)

USD Settlement currencies:
EUR/USD*, AUD/USD*, GBP/USD*, USD/CHF*, USD/SEK, USD/DKK, NZD/USD, USD/NOK, USD/HKD, USD/HUF, USD/ILS, USD/MXN, USD/SGD, USD/PLN, USD/ZAR, USD/CZK, USD/TRY, USD/THB

Non-USD, T+1 settlement currencies:
USD/CAD*

Non-USD, T+2 settlement currencies:
USD/JPY*, AUD/JPY, EUR/JPY, CAD/JPY, EUR/AUD, EUR/CHF, EUR/GBP*

* 10am NY & 4pm London fixing 

7 OTC FX Options (CSO)

AUD/USD

EUR/USD

USD/CAD

USD/JPY

EUR/GBP

GBP/USD

USD/CHF

Resources

OTC FX Market Data

 

Non-Deliverable Forwards

Currency Pair USD Equivalent Volume USD Equivalent Open Interest
USD/BRL $0 $0
USD/PHP $0 $0
USD/INR $0 $0
USD/KRW $0 $0
USD/CNY $0 $0
USD/IDR $0 $0
USD/TWD $0 $0
USD/CLP $0 $0
USD/COP $0 $0
USD/PEN $0 $0
USD/RUB $0 $0
NDF Total $0 $0

FX Options

Currency Pair USD Equivalent Volume USD Equivalent Open Interest
10am NY Fixing
AUD/USD $0 $0
EUR/GBP $0 $0
EUR/USD $0 $0
GBP/USD $0 $0
USD/CAD $0 $0
USD/CHF $0 $0
USD/JPY $0 $0
FXO Total $0 $0

G-10 Non-Deliverable Forwards

Currency Pair USD Equivalent Volume USD Equivalent Open Interest
4pm London Fixing
AUD/JPY $0 $0
AUD/USD $0 $0
CAD/JPY $0 $0
EUR/AUD $0 $0
EUR/CHF $0 $0
EUR/GBP $0 $0
EUR/JPY $0 $0
EUR/USD $0 $0
GBP/USD $0 $0
NZD/USD $0 $0
USD/CAD $0 $0
USD/CZK $0 $0
USD/CHF $0 $0
USD/DKK $0 $0
USD/HKD $0 $0
USD/HUF $0 $0
USD/ILS $0 $0
USD/JPY $0 $0
USD/MXN $0 $0
USD/NOK $0 $0
USD/PLN $0 $0
USD/SEK $0 $0
USD/SGD $0 $0
USD/THB $0 $0
USD/TRY $0 $0
USD/ZAR $0 $0
10am NY Fixing
AUD/USD $0 $0
EUR/GBP $0 $0
EUR/USD $0 $0
GBP/USD $0 $0
USD/CAD $0 $0
USD/CHF $0 $0
USD/JPY $0 $0
G-10 NDF Total $0 $0