Canadian Derivatives Clearing Corporation

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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.

References in periodicals archive ?

NEW YORK & TORONTO -- Canadian Derivatives Clearing Corporation (CDCC) and New York Portfolio Clearing (NYPC) today announced the signing of a Memorandum of Understanding (MOU) to explore the development of a clearing link for the Canadian swap market to assist in meeting Canada's G20 commitment of clearing over-the-counter (OTC) derivatives by December 31st, 2012.

Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, data products and other services to the global financial community.

Canadian, U.S. Clearing Firms Agree to Explore Swap Clearing Link

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.