OneChicago supports CMTA/Give-ups for all OneChicago products. CMTA/Give ups are where one firm executes a trade and then passes the trade off to another firm to carry. In other words, the execution firm merely executes the trade and moves the executed trade to the carrying firm via the clearing systems. The OneChicago process mirrors standard security industry practice whereby by prior written agreement between the two firms, the carrying firm accepts all trades allocated by the executing firm.
Firms giving up to other firms need to implement a standard CMTA agreement with OCC.
Please ensure that the CMTA agreement includes OneChicago.