ClearPort

ClearPort is a platform that bridges the gap between OTC and exchange-traded markets by providing centralized clearing services for OTC derivatives. The clearing process involves matching and settling trades to ensure both parties fulfill their obligations and mitigate counterparty risk.

Market participants often utilize clearinghouses to ensure that both sides of the trade are protected. The ClearPort platform leverages CME Group as the clearinghouse, which acts as an intermediary to guarantee that even if one party defaults, the trade can still be completed as agreed. ClearPort supports a range of futures and options products, including energy, metals, and financial derivatives.