Clearing firm

Clearing Corporation

An agency or corporation on an exchange that settles transactions for a fee. Most exchanges have one or more clearing corporations that are charged with matching orders together, ensuring that delivery is made to the correct party, and collecting margin money. Because so many trades take place on an exchange in a given day, clearing corporations exist to process what each party owes or is owed in a central location so that the fewest securities and the least amount of money actually change hands. For example, suppose that a broker-dealer buys 1,000 shares of a security and then, in a completely separate transaction, sells 700 of the same shares. At the end of the trading day, the clearing house would determine that the broker-dealer must only buy 300 shares as the other 700 belong to another party. Clearing corporations receive a clearing fee in exchange for these services.

Clearing firm.

Clearing firms handle the back-office details of securities transactions between broker-dealers, making the settlement process streamlined and efficient.

In brief, when a broker's order to buy or sell a security has been filled, the clearing firm electronically compares and verifies the details of that trade. Then it nets down the trades to minimize the number of securities that must be received or delivered at settlement.

Cleared trades are settled within a specific time after the trade date, based on the type of security being traded.

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The clearing firm celebrates its twelve year anniversary concurrent with this milestone.
The unexpected collapse of Adler, Coleman, however, strained the Wall Street safety net: Adler is the first major clearing firm to fail in the 25-year history of the Securities Investor Protection Corp.
iceFish manages data translation from proprietary formats to FIXML/FpML and vice versa, allowing the clearing firm to maintain all data in one, single format.
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We anticipate filing additional complaints against at least one other brokerage and clearing firm with FINRA in the near future.
Emphasizing superior technology, responsive risk management, customizable back office operations and highly personalized client services, Advantage Futures remains the consummate clearing firm for its diverse and growing client base.
Financial Services Clearing firm ranks #10 on the prestigious Queen's University ranking of Canada's best employers
With an emphasis on superior technology, responsive risk management, customizable back office operations and highly personalized client services, Advantage Futures is the consummate clearing firm for its diverse and growing client base.
CHICAGO -- Chicago Board of Trade (CBOT), together with ADM Investor Services (ADMIS), an industry-leading futures clearing firm, today announced a Commodity Trading Workshop to be held in Anaheim, California.

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