Clearing Member Trade Agreement - CMTA


Clearing Member Trade Agreement - CMTA
An agreement by which an investor may enter derivative trades with a limited number of different brokers and later consolidate these trades with one brokerage house for clearing.

When the position is consolidated, some brokers will 'give up' their position to the clearing firm. The positions should be cleared through the Options Clearing Corporation.


Investment dictionary. . 2012.

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