Position limits: managing exposure across exchanges, OTC, and bilateral contracts

Your traders operate across CME, ICE, Nodal, EEX, and cleared OTC platforms simultaneously. Your position limit monitoring typically does not. This gap creates a choice: constrain trading capacity through conservative buffers, or risk breaching limits that are invisible in real time. In just three months during 2024, the CFTC issued $2.8 million in fines for position limit violations. The common thread: firms failed to properly aggregate positions across exchanges. Real-time position limit monitoring and cross-venue aggregation are no longer operational enhancements; they are requirements for maintaining trading capacity and regulatory control.