Mutual offset

Mutual offset

A system, such as the arrangement between the Chicago Mercantile Exchange (CME) and Singapore International Monetary Exchange (SIMEX), which allows trading positions established on one exchange to be offset or transferred on another exchange.

Mutual Offset

A system that allows positions on one exchange to transfer to another.
References in periodicals archive ?
SGX has a long-standing collaborative relationship with CME Group beginning with a mutual offset agreement in 1984.
And, there is a mutual offset facility available to brokers who trade on CME and SGX," said an NSE official.
Although E-mini Nifty futures listed on CME are not eligible for mutual offset, they are eligible for a position offset with E-micro Nifty futures.
The contract will continue to be eligible through the Mutual Offset System Agreement with the Singapore Exchange (SGX).
CME) and Singapore Exchange (SGX) are pleased to announce the renewal of their Mutual Offset System (MOS) agreement for an additional three years beginning February 2007 to run through 2010.
Through this partnership, we will extend the mutual offset system benefits of real- time clearing and inter-exchange transfer services, allowing market participants to execute their risk management programs in an effective and timely manner.
At CME, Davidson was instrumental in developing and implementing the CME(R) Globex(R) electronic trading platform, the SIMEX Mutual Offset System, the Standardized Portfolio Analysis of Risk (CME SPAN(R)) margining system, and the design of CME Clearing 21, now viewed as the premier clearing system in the world.
CME continues to offer around the clock trading of its and Singapore Exchange Ltd's (SGX) interest rate products through its mutual offset system agreement.
The yen-based Nikkei 225 futures contract will also be included in CME's long-standing mutual offset agreement with the Singapore Exchange (SGX), allowing positions established at one exchange to be transferred and closed out, or offset, at the other.
We have confidence in its implementation with a proven partner such as the CME with which we have developed a long-standing relationship; this exchange has proven its ability to trade international products and to build links which have effectively been implemented, such as its mutual offset agreement with the SIMEX and the GLOBEX agreement signed with Reuters and MATIF.
The CME established the world's first international link between financial exchanges when it created the mutual offset system with the Singapore International Monetary Exchange in 1984.
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