Create New Account

Use the Account function to search, create and manage clearing and trading accounts (including trading sub-accounts).

Account setup includes platforms / services, products, broker permissions and credit controls.

Clearing Account Settings

Example: Clearing Account Fields

The following instructions illustrate the process to create an account.

Overview

  1. Create New Account button
  1. Clearing Account Settings
  1. Service(s):
  1. Market Type Permissions
  2. Product Permissions
  3. Broker / Asset Manager Permissions
  4. Credit Controls
  1. Activate account (or create as Inactive, to save for later)
  • To Create an Account:

Prior to creating a new account, perform an account search. to ensure it doesn't exist.

  1. From the Account page, select the Create New Account button.

  1. On the page that appears, specify Clearing Account Settings.

Clearing members assume financial and performance responsibility for all transactions executed through them and cleared by CME Clearing whether it is for the account of a customer, member, or their own account.

The alphanumeric identifier for the account that is unique at the firm.

  • CME ClearPort: Up to 20 characters.
  • CME Globex (CME Direct or ICC): Up to 12 characters.

If more than 12 characters are entered, CME Globex service will not be available for selection.

Do not use the following special characters in the first, second or last position.

@

at

%

percent

^

caret

&

ampersand

(

left parentheses

)

right parentheses

_

underscore

=

equal

{

left brace

}

right brace

[

left bracket

]

right bracket

|

vertical bar

\

backslash

:

colon

;

semi colon

"

double quote

'

single quote

<

less than

>

greater than

,

comma

.

period
space

User specified identification details.

The Trading firm or LEI owner of this account.

If the clearing account is designated as Delegated Intermediary (DI); specify by the clearing member firm. Additional details are inherited from Trading Account Owner.
DI (parent) accounts cannot be updated via Bulk upload.

Enter the name in the field; available choices appear based on the partially entered name.
For DI and sub-accounts: If an asset manager firm is assigned to the clearing account, trading sub-accounts cannot be created and the DI selection will not be available.

Required when shown.

Required when shown. Appears when a dynamic (not registered) owner firm is specified.

Indicates whether the account represents customer segregated funds or house funds.

CTI1 - An individual member trading for her or her own account, CTI2 - A member firm trading for its proprietary account, CTI3 - A member firm trading for another member, CTI4 - All others individuals.

Enables the account for the CME Portfolio Margining program for futures.

Specified by the clearing member firm administrator, instead of Asset Manager.

Enables customer accounts to aggregate trades to calculate OTC trade cross-account margin offsets. The Margin Owner field specifies the registered owner firm.

  • SELF: Non-CME ClearPort accounts use Self, which assigns the same account number as the owner.
  • Specify Margin Account: Associate accounts with clearing member, beneficial owner, designated margin account.
  • Margin multiple accounts to same owner firm: For CME ClearPort accounts only, multiple accounts, with different Owner Firms, can use the same Margin Account.
    The accounts must be associated with the same Clearing Member and the Owner Firms for both accounts must use the same LEI.
    Edit the account, then select the Owner Firm from the Margin Account field

  1. Select a Service, then specify additional details:
  • Enter the iLink Session ID(s) to enable, then select to Add.

This ID, used for in-house brokerage purposes, is submitted with trades, and associated with referenced Clearing Member firms.

Clearing Firms can assign a default iLink Session ID / SenderComp for in-house Broker entities.

Available options:

  • OK: Proceed without selecting an iLink Session ID.
  • Cancel: Select an iLink Session ID, go back and select an iLink Session ID.

Note: If an iLink Session ID is not selected, a dialog appears and must be acknowledged before proceeding with account setup.

  • On the Setup pane, specify Account details

Account Type

  • None
  • Holding: If selected, the account cannot be a Delegated Intermediary (DI).
  • Client Risk Master: Enables brokers to submit customer Block or EFRP trades into a single account for post-trade allocation. These accounts are only permitted for brokers registered under an Exchange Clearing Member Firm; cannot be used by non-clearing firm brokers (see: Client Risk Master). End clients are not required to register with CME Group.
  • Short Code: Enables brokers to submit customer Block or EFRP trades for a single end-client trading firm. The identity of the client must be referenced in the Account Description but the firm will not need to register themselves. These accounts may be used by any broker registered for ClearPort / CME Direct and permitted to submit trades on behalf of the account (see: Short Code Accounts).

  • Specify Execution Firm(s)* details.

As you type, matching execution firms appear in a list; select to add.

  • Select Create, then specify whether to create as Active or InactiveClosedExample: To configure or modify settings at a later time.

ICC (CME Globex) does not require Market / Product / Broker permissions.

Note: By default order management uses firm-wide policy settings to manage orders maximum allowable product limits.
To manage order handling from unregistered accounts or for products with unset limits go to Entity Risk Management - Policy & Threshold Settings.

  • Select the ICC (CME Globex) tab.

  • Specify Execution Firm(s)* details.

As you type, matching execution firms appear in a list; select to add.

  • Select Create, then specify whether to create as Active or InactiveClosedExample: To configure or modify settings at a later time.

  • To complete account creation and activation, view Entity Risk Management - Spot FX instructions to view details on linking Trading Firms and setting Spot FX Credit Controls (via ICC).

Spot FX enabled does not require Market / Product / Broker permissions.

  1. Specify Market Type Permissions.

Not applicable for ICC (CME Globex or Spot FX).

Market Permissions include Product and Broker permissions, which determine available products that can be traded by an account and / or designated broker(s).

Market Type Permissions

After confirming Account Settings and Services, select Market Types and Access.

Available options:

  • None: Submitting orders for this Market Type, including all Products, is restricted.
  • Specific: Requires selection of individual product permissions.
  • All: Enable order submission for this market type and all products.

Note: Specific and All, requires credit and maximum long / short quantity limits; configured with the Credit Controls function.

  1. Product Permissions

Individual product availability and ability to trade, may require selection of specific products and specification of long / short quantity limits.

On the Product Permissions page, select from Available Products, then add at least one product.

  • Add:  / Add All:
  • Remove: / Remove All:

To find a specific product, enter the symbol or name in the search field; partial entries are accepted

  1. Broker Permissions - Specify brokers authorized to operate this account.

Confirm product selections, then select Step 4: Broker Permissions.

Select Brokers from Broker Permissions page - Available Brokers pane.

Add:  / Add All:

Remove: / Remove All:

To find a specific broker, enter the name in the search field; partial entries are accepted.

  1. Credit Control - Specify the Currency, Credit / RAV Limit, and product limits (product limits are not required for CME ClearPort).

Margin rates and intra-commodity spread credits are used to determine credit usage, remaining credit and percent used; by product and type of trade.

  • CME Direct:  Credit Limit is required.
  • CME ClearPort: RAV Limit is required.
  • Currency
  • RAV Limit - Account-level RAV limits are required for trading on CME ClearPort and set by the clearing member firm
  • Margin Usage - Amount of margin used (of the available RAV limit).
  • Remaining Margin (of the total available RAV limit)
  • % Margin Used - Margin Usage expressed as a percentage of the RAV limit
  • Max Margin Usage - Maximum utilization for the day. Allows risk administrators to view available credit for a given account, to determine if action is necessary.
  • Download () - Download a spreadsheet that displays historical Max Margin usage and end of day RAV limits.
  • Inline Credit Controls (ICC): (optional) Specify Clearing and / or Execution Firm position limits.

For the Permissible Products field, select from available options:

  • Show all products with unique limits: Filter the Product list to products that have user specified limits.
  • Show all products tradable in this account: View all authorized products, via Market Types - Available Products.

For each product that will be authorized, specify the Max Qty Long / Max Qty Short; applicable for futures and/or options.

Note: For Globex ICC only: Default value is Not Set, which uses the Globex Admin Policy settings to determine order entry and trading permission.
Admin Settings - Unset Limit Rule: When limits are not set (by either Clearing Member or Execution Firm) for the specified account, the account is limited to trading products within the overall firm Credit Limit.
Additional considerations: Refer to calculation option limits, below.

  1. To finalize, select Save, then select an account creation option:
  • Active: Finalize credit controls and activate the account. Additional configuration, for other applications / services, may be necessary.
  • Inactive: Finalize credit controls, but do not activate the account. Additional configuration can be performed or the account configuration can be used as the basis for additional related accounts (via the Account Copy function).

Note: To activate the account later, search for the inactive account, go to the Account Settings page, then select Activate.