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 Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.
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