DEFINITION of '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.
BREAKING DOWN 'Clearing Member Trade Agreement - CMTA'
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.