CME Group Launches CME Securities Clearing to Expand U.S. Treasury Market Capacity
CME Group announced the launch of its new SEC-registered clearing house, CME Securities Clearing Inc., on December 7, 2026, pending regulatory approvals. The initiative aims to provide a capital-efficient option for market participants to clear U.S. Treasury cash and repo transactions in compliance with the SEC's central clearing mandate. This offering supports both 'done-with' and 'done-away' execution models, enabling firms to optimize cross-margining across CME Group interest rate futures and Treasuries. The new service is expected to reduce margin requirements by allowing eligible positions to be offset between CME’s two clearing houses as well as with FICC. This will improve liquidity for market participants while addressing the growing demand in a U.S. Treasury market that has reached $40 trillion in debt. The launch complements an existing cross-margining partnership with FICC, which already saves over $2 billion daily. CME Group executives emphasized the importance of this move as it aligns with regulatory deadlines and supports greater resilience and capacity for a transforming U.S. Treasury market.
Tickers: $CME
Topics: CME Group cross-margining SEC regulation Treasury market transformation