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Clearing

All NFX products are cleared by The Options Clearing Corporation (OCC). OCC operates under the jurisdiction of both the SEC and the CFTC.

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All NFX products are cleared by The Options Clearing Corporation (OCC). OCC operates under the jurisdiction of both the SEC and the CFTC. As a registered clearing agency under SEC jurisdiction, OCC clears transactions for exchange-listed options, security futures and OTC options. As a registered derivatives clearing organization under CFTC jurisdiction, OCC offers clearing and settlement services for transactions in futures and options on futures. By acting as guarantor, OCC ensures that the obligations of the contracts it clears are fulfilled. 

Futures Participants interested in NFX membership must be OCC members or have a clearing relationship with an OCC member. For further information, contact OCC Member Services at 1-800-621-6072 or memberservices@theocc.com.

Options and Futures Risk Arrays 

OCC generates and distributes Options and Futures Risk Array (OFRA) parameter files that contain the product specifications, calculation parameters, and profit and loss arrays for certain exchange-traded futures and options cleared by OCC. The OFRA parameter files are in a format that is designed to be compatible with portfolio-based margining systems, including CME's PC-SPAN1 system. 

The OCC-generated OFRA parameter files are currently published on CME's FTP SPAN Downloads pages and the files are listed under the relevant exchanges' file code. The calculation parameters in the files include outright scan ranges and spread rates which are used to calculate a portfolio's performance bond/margin. http://www.optionsclearing.com/risk-management/ofra/


Using PC-SPAN to calculate hypothetical Customer margins for NFX 

PC-SPAN is a free tool provided by the CME to calculate hypothetical Customer margins.

View details about how to download and use PC-SPAN:

More Information

NOTE: The Clearing Organization Master file for PC-Span must be updated to include NFX.

Please follow the instructions found here:

Update Instructions

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"Societe Generale looks forward to working with Nasdaq Futures to continue to expand our global market access offering."

 -Robert Vujtech, Managing Director and Global Head of Agency Energy, Societe Generale



"We are thrilled with the moves Nasdaq is making to provide our customers another channel to manage their energy exposure."

 -Gregory Greves, Managing Director of CES of INTL FCStone Financial Inc.'s FCM Division

 

Reference Guides & Brochures
NFX Benefits Click here
NFX Benefits
NFX General Reference Guide Click here
NFX General Reference Guide
NFX Off-Exchange Transactions Reference Guide Click here
NFX Off-Exchange Transactions Reference Guide
NFX Error Trade Reference Guide Click here
NFX Error Trade Reference Guide
NFX TRADEGUARD PTRM Reference Guide Click here
NFX TRADEGUARD PTRM Reference Guide
NFX TradeGuard User's Guide Click here
NFX TradeGuard User's Guide
NFX Mass Quote Protection and Self-Match Prevention Ref Guide Click Here
NFX Mass Quote Protection and Self-Match Prevention Ref Guide
NFX Tailor Made Combinations Reference Guide Click here
NFX Tailor Made Combinations Reference Guide
NFX Standard Combination Orders Reference Guide Click here
NFX Standard Combination Orders Reference Guide
NFX Combination & Implied Orders Technical Reference Guide Click Here
NFX Combination & Implied Orders Technical Reference Guide
NFX CAST Authorized Trader Reference Guide Click here
NFX CAST Authorized Trader Reference Guide
Technical Example Logic Click here
Technical Example Logic
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