CME files with CFTC
29 September 2025 US, UK, Hong Kong, Singapore, Australia
Image: Timon/stock.adobe.com
CME Group has filed with the Commodity Futures Trading Commission (CFTC) to expand its existing cross-margining agreement with the Depository Trust & Clearing Corporation (DTCC).
DTCC plans to make a similar filing with its regulator, the US Securities and Exchange Commission (SEC), in the near future.
According to the firm, they aim to enable the cross-margining capabilities needed to provide increased margin savings and capital efficiencies to end user clients by December 2025, subject to regulatory approval.
The proposed enhancement will enable eligible end user clients with positions at CME Group and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing Corporation (FICC), the company confirms.
Users will also benefit from capital efficiencies when trading US Treasury securities and CME Group interest rate futures that have offsetting risk exposures.
As previously announced, to participate in end-user cross-margining, clients will need to use the same dually-registered futures commission merchant (registered with the CFTC) and broker/dealer (registered with the SEC) at both clearing houses.
Under the new arrangement, end user clients could elect to have positions in eligible products at CME Group and positions in eligible products at FICC carried in a cross-margining account and margin based on the combined risk presented by those positions.
DTCC plans to make a similar filing with its regulator, the US Securities and Exchange Commission (SEC), in the near future.
According to the firm, they aim to enable the cross-margining capabilities needed to provide increased margin savings and capital efficiencies to end user clients by December 2025, subject to regulatory approval.
The proposed enhancement will enable eligible end user clients with positions at CME Group and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing Corporation (FICC), the company confirms.
Users will also benefit from capital efficiencies when trading US Treasury securities and CME Group interest rate futures that have offsetting risk exposures.
As previously announced, to participate in end-user cross-margining, clients will need to use the same dually-registered futures commission merchant (registered with the CFTC) and broker/dealer (registered with the SEC) at both clearing houses.
Under the new arrangement, end user clients could elect to have positions in eligible products at CME Group and positions in eligible products at FICC carried in a cross-margining account and margin based on the combined risk presented by those positions.
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