The transaction allows customer positions in US Treasury futures cleared at CME to be offset against cash Treasuries cleared at Fixed Income Clearing Corporation (FICC).

Financial services company Marex Group said that it executed the first customer cross-margin trade in the US Treasury market under a recently approved regulatory framework. Marex said the framework is intended to enhance liquidity  The firm stated that clients can cross-margin US Treasury futures cleared at Chicago Mercantile Exchange with cash US Treasury securities cleared at the Fixed Income Clearing Corporation, a subsidiary of the Depository Trust and Clearing Corporation