The Front-End Clearing System (FEC) is a web-based application that provides clearing member firm back office staff with an integrated method for entering and processing a variety of trade types, including:

• Blocks
• Differential Spreads
• Electronic Trade Changes
• Exchange for Physicals (EFPs), Exchange for Risk (EFR), Exchange for Swaps (EFS)
• FLEX Options
• Fungibles
• Packs and Bundles
• Pit Trades
• SLEDS
• Transfers

Member staff can enter, modify and delete trade records using FEC. Give-up and Average Pricing functionality is available.