CME · Earnings call · 2026Q3T · Full report

Treasury Clearing Expansion

CME GROUP INC. · 2026-10-21 · Importance 40 · Surprise 42

CME plans to launch CME Securities Clearing on December 7, 2026, ahead of the SEC’s Treasury clearing mandate. Management said the Treasury and repo clearing mandate is fastly approaching and described continuing Treasury intervention in CME markets. The company also highlighted Treasury Link as a connection between cash Treasuries and Treasury futures, positioning it within an evolving Treasury-market landscape.

Key facts

• CME Group was on track to launch CME Securities Clearing on December 7, 2026, ahead of the SEC Treasury clearing mandate.
• Many firms targeted Q4 to be fully operational in CME Group’s FICC Cross Margining program ahead of the Treasury and repo clearing mandate.