The Clearing Corporation


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The Clearing Corporation

Also called CCorp. The oldest company in the United States to provide clearing and settlement services for futures and derivatives. It operated both on exchanges and over-the-counter. It was established in 1925 as the Board of Trade Clearing Corporation. The Intercontinental Exchange purchased it in 2009. It should not be confused with a clearing corporation, which is a generic term.
References in periodicals archive ?
The committee of the securities regulator submitted its report on as to how the Clearing Corporation can be established.
The ownership of the Clearing Corporation will be separated from the management due to structure of demutualised organization.