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CME Group, the world’s largest derivatives marketplace, has received regulatory approval from the U.S. Securities and Exchange Commission (SEC) to launch a new securities clearing house, CME Securities Clearing Inc., as the industry prepares for sweeping changes to U.S. Treasury market structure.
The new clearing house is expected to go live in Q2 2026, positioning CME Group to support participants as they work towards compliance with the SEC’s mandatory clearing deadlines:
- U.S. Treasury transactions must be centrally cleared by 31 December 2026
- Repo transactions must follow by 30 June 2027
CME Group Chairman and CEO Terry Duffy said the approval comes at a critical moment for the market:
“Expanded clearing capacity and capital efficiencies are critical for all market participants working to comply with the U.S. Treasury clearing mandate,” said Duffy. “We are pleased to provide a solution for clearing both done-with and done-away execution as we continue to extend industry-leading cross-margining with FICC.”
CME Securities Clearing Inc. will operate alongside CME Clearing, expanding the Group’s footprint in U.S. cash and repo markets and offering participants enhanced optionality as regulatory obligations come into force.
CME Group continues to provide access to the broadest portfolio of global benchmark futures and options products across interest rates, equities, FX, crypto, energy, agriculture, and metals. Its platforms include CME Globex for futures and options, BrokerTec for fixed income trading, and EBS for FX.
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