This topic is a high-level introduction to the types of pre-trade risk management services and functions available to CME Group clearing and trading participants. The functions described below are available through numerous risk management systems that are tailored for specific business lines.
Contents
CME Group Business Lines
Business Line | Venues | Asset Class | Participant / Clearing Model | Regulators |
---|---|---|---|---|
Futures and Options on CME Globex and CME ClearPort |
| Agriculture, Energy, Equity Index, FX Interest Rates, Metals and Options. | Clearing Members |
|
EBS Markets on CME Globex and EBS Direct |
| FX, Metals and Cryptocurrency | Bilateral and Prime Trading |
|
BrokerTec Markets on CME Globex and BrokerTec Stream |
| Fixed Income | Bilateral and Prime Trading |
|
Risk Management Categories
Risk management functions are broadly grouped into the following general categories:
Category | Management Level |
---|---|
Risk Limit Management | Note: Risk limits allow a risk admin to limit the risk taken during a trading session or CME Business Day.
|
Order Management |
|
Permission Management |
|
Dashboards and Reports | Realtime dashboards and end of day reports provide a risk management view of the credit utilization vs. limits. |
Audit Trail | Risk management functions are supported by an audit trail documenting all changes in settings and their real-time effects. |
Participant Models
CME Group supports cleared and non-CME Group cleared (bilateral or cleared elsewhere) trading models. The participant model dictates the Risk Manager types (admins) and management structure, such as credit entity levels.
Model | Participants |
---|---|
Cleared Risk Management |
|
Bilateral and Cleared elsewhere |
|
Risk Management UIs and APIs
To facilitate risk management, CME Group provides various user interfaces (UIs) and application programming interfaces (APIs) for different business lines and venues.
User interfaces are available from the CME Group Customer Center, which requires a CME Group Login and entitlements based on required Risk level administration.
Risk APIs use various technologies such a FIXML and JSON web services, which require an API ID for access.
Futures & Options on CME Globex and CME ClearPort
EBS on CME Globex and EBS Direct
BrokerTec Markets on CME Globex
Contact Information
For Risk Management Services inquiries, please contact Global Account Management.