Getting Started with IFEX

Since CCFE is a Commodity Futures Trading Commission designated futures market, customers will need to have an account with a Futures Commission Merchant (FCM) which is a clearing member of CCFE or with an Introducing Broker (IB) that clears through a CCFE clearing member. 

The steps are;

1.   Obtain Screen Access.

      a)   Contact Billy Welch (Chicago  +1 312 229 5137) or Robert Miller (London  +44 (0)20 7382 7808).

      b)   Access is free for 120 days, then a small charge may be made unless an account is opened.

2.  Select a Clearing Member

You first need to set up an account with a CCFE Clearing Member of your choice into which  Maintenance Margin will be posted - and  into which Variation Margin will be paid or received.

CCFE Clearing Members willing to undertake trades for clients on the CCFE include;

     ADM Investor Services Inc.                 
     Barclay's Capital Inc.
     BNP Paribas Commodity Futures Inc
     Citigroup Global Markets
     Credit Suisse Securities (USA) LLC   
     Deutsche Bank Securities Inc. 
     Fortis Clearing Americas LLC
     Goldman Sachs & Co. 
     JP Morgan Futures Inc.
     M F Global Inc.
     Merrill Lynch, Pierce, Fenner & Smith, Inc.
     Newedge Group 
     Prudential Bache Commodities LLC
     UBS Securities LLC

3.    Open an account with a clearing member

The selected Clearing Member will complete checks on the financial standing of potential clients and set credit limits and margin requirements..

4.    Establish internal procedures and trading strategy

       a)  Establish internal procedures.

       b)  Agree and establish trading strategies and responsibilities.

       c)  For a small fee, IFEX can provide ‘hands on'  training embracing screen trading and the
            adoption of trading strategies.

Please contact the Market Support Group at +1 (312)-554-3350 for an authorised trader form.

In addition, customers may choose to join CCFE as a Trading Privilege Holder (TPH). TPHs receive a 20% discount on trading fees. For more information on TPHs, please contact the Market Support Group.