Canadian Derivatives Clearing Corporation


Also found in: Acronyms.

Canadian Derivatives Clearing Corporation

An organization in Canada that settles futures and options transactions on the Bourse de Montreal. It is charged with matching orders together, ensuring that delivery is made to the correct party, and collecting margin money. Its previous name was Trans Canada Options.
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TMX's key subsidiaries operate cash and derivative markets and clearing houses such as the Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, the Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear.
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