CME Group will offer margin offsets between its interest rate futures and U.S. Treasury securities through its new clearing membership class for interest rate futures. The Financial Instruments Clearing Membership (FICM) may be offered by the end of the first quarter. The FICM will offer margin offsets of up to 65% to qualified firms that trade both U.S. Treasury securities and CME interest rate futures products. Trading firms, including Breakwater Trading, Endeavor Trading, Henning-Carey Proprietary Trading and HTG Capital Partners, have tested and validated the FICM membership and are in talks with CME to become members.
Click here for the release from CME Group.