CME Group Seeks Regulatory Approval to Expand Cross-Margining for End Users

CME Group has filed with the CFTC to extend its cross-margining agreement with DTCC, aiming to provide margin savings and capital efficiencies for end users trading U.S. Treasury securities and interest rate futures. The proposal, pending regulatory approval, could take effect by December 2025.

DTCC will submit a parallel filing to the SEC, reinforcing the collaboration between the two financial infrastructure giants. Eligible clients must use a dually-registered Futures Commission Merchant and broker/dealer to participate in the cross-margining program.

The initiative reflects growing institutional demand for capital optimization in derivatives markets. By netting offsetting positions across clearinghouses, the arrangement could significantly reduce margin requirements for market participants.