User Help System
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
- Create New Account button
- Trading Account / Trading Sub-Account (if applicable)
- CME Direct (CME Globex
- CME ClearPort
- Inline Credit Controls (CME Globex)
- Spot FX
- Straight-Through Processing - create account enabled for STP (only Clearing Account Settings are required)
- 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.
Clearing member*
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.
Account Number *
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.
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@ |
at |
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% |
percent |
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^ |
caret |
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& |
ampersand |
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( |
left parentheses |
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) |
right parentheses |
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_ |
underscore |
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= |
equal |
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{ |
left brace |
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} |
right brace |
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[ |
left bracket |
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] |
right bracket |
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| |
vertical bar |
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\ |
backslash |
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: |
colon |
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; |
semi colon |
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" |
double quote |
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' |
single quote |
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< |
less than |
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> |
greater than |
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, |
comma |
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. |
period |
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space |
Description*
User specified identification details.
Owner Firm*
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.
Asset Manager (Controller) Firm
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.
Owner's Primary Business Activity*
Required when shown.
Country of Origin*
Required when shown. Appears when a dynamic (not registered) owner firm is specified.
House / Customer Indicator*
Indicates whether the account represents customer segregated funds or house funds.
CTI Code*
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.
Portfolio Margin Futures
Enables the account for the CME Portfolio Margining program for futures.
Delegated Intermediary (DI)
Specified by the clearing member firm administrator, instead of Asset Manager.
Margin Account
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
- Select a Service, then specify additional details:
CME Direct (CME Globex) - Select the CME Direct (CME Globex) tab, then specify the following:
- Enter the iLink Session ID(s) to enable, then select to Add.
- iLink Session ID: Also known as SenderComp, which can be obtained from Global Account Management.
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.
CME ClearPort Clearing - Select the ClearPort Clearing tab, then specify the following:
- 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).
ICC (CME Globex) - Select ICC (CME Globex), then specify the following:
- 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 Inactive.
- To complete account creation, go to Managing ICC Credit Controls and set (optional) Clearing Member and Execution Firm product limits.
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.
Spot FX - Select the ICC (CME Globex) tab, then continue to set up Spot FX
- 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 Inactive.
- 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.
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.
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
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.
- 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.
- Currency
- RAV Limit - Account-level RAV limit is set by the clearing member firm and required for trading on CME ClearPort.
- Margin Usage - Amount of margin used (of the available RAV limit)
- Remaining Margin of the total available RAV limit
- % Margin Used - Margin Usage as a percentage of the RAV limit
- Max Margin Usage - Highest utilization value of the day.
Example: If current day usage was 15 / 10 / 20 / 17, the value would be 20. If a trade exceeds max margin usage, and is voided, max margin usage before the trade was voided will appear.
- Historical Max Usage Report (
) - Download a spreadsheet that includes three-months of historical limits on a daily basis, including Max Margin usage and end of day RAV Limit. - Limit Colors: Limits will appear with a color to acknowledge the status (including recent updates):
- Green: Currently applied limit
- Orange: An open transaction exists for a recently updated (pending) limit. To view details, move the mouse pointer over the limit to view an informational message.
-Red: A requested limit update is not applied due to an error. To view details, move the mouse pointer over the limit to view an informational message, which can provide details on resolving the error.
Limits with pending or error status cannot be copied or updated via the bulk / upload update process.
- 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.
- 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.
