For brokers to book trades on CME Direct, your customers must be registered with CME Group either by self-registering with CME Group or by having their broker or clearing firm register on their behalf (third-party registration).
The recommended method requires customer firms to self-register with CME Group.
If the customer’s firm is not registered, they should work with their trading operations department to register by following the instructions and completing the New Firm & User Registration form found here:
Customer Self-Registration Form
Once completed, the trading firm will receive a follow-up email from CME Group, outlining the registration details and next steps.
If your customer’s firm is registered, they should work with their FCM to setup new or existing ClearPort accounts with your firm as an executing broker on the account.
An alternative registration option is Third Party Registration. This registration option is available to clearing firms or broker firms to register on behalf of their customers.
To complete third party registration, the customer’s clearing firm or broker firm completes the CME Counterparty Firm Registration form.
CME Counterparty Third-Party Registration Form
Once completed, the trading firm will receive a follow-up email from CME Group, outlining the registration details and next steps.
CME Group streamlined the counterparty registration process by introducing new flexible options to set up customers and accounts.
| Eligibility | Benefits | ||||||
|---|---|---|---|---|---|---|---|
| Registration Type | Description | Broker | FCM | CME Direct Trade Broker | CME Direct Block Ticker | CME Direct Single Side Trade Entry | CME STP |
| Recommended Registration Option | |||||||
| CME Direct Registration | Client* is fully registered and has access to CMED Direct. Client will work with FCM to setup accounts and appoints an executing broker to trade on their behalf. *option to register anonymously |
Yes | Yes | ||||
| Alternative Registration Options | |||||||
| Third Party Registration | Light touch registration process. The broker or FCM will register the client account on CME Direct on their behalf. The client will not have access to CME Direct. | Yes | Yes | ||||
| Short Code Account | Brokers will setup an account in the benefit of that client (via their FCM) to give up later. Client will remain anonymous in the system. *Requires that RAV’s account description indicates that it is a “short code for the client account” |
Yes | Yes | ||||
| Client Risk Master Account | FCM flow desks will be able to clear different client trades into a single aggregated account. *Requires that RAV’s account description indicates that it is a “Client Master Risk Account” |
Yes | |||||
| Eligibility |
| Eligibility |
| Benefits |
| Yes |
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