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.
In choosing our clearinghouse, we needed a clearing services provider with global credibility and competence and we are glad we have found it in The Clearing Corporation.
The Clearing Corporation is a stockholder-owned, Delaware corporation now in its 80th year of business.
In making the move to Equinix's IBX center, The Clearing Corporation joins the aggregation of financial services companies currently operating within Equinix's Chicago Internet hub, including leading banks, financial trading companies and financial exchanges.
The Clearing Corporation will also have the ability to interconnect directly with the critical mass of networks participating in Equinix's Chicago center, including every major carrier, network and Internet Service Provider.
Our agreement with The Clearing Corporation offers a turn-key front end clearing solution for most of our exchanges and all of our clearing members," said Michael E.
The action charges the CBOT and the CME with having violated the Sherman Act by offering financial inducements, valued at over USD 100 million, to shareholders of The Clearing Corporation (TCC) to vote against a proposed restructuring of the company.
is seeking recognition as a designated contract market and has entered into an agreement with The Clearing Corporation to provide clearing services for the new exchange's customers.
Rather, it reflects S&P's perception of the changing competitive environment in which both the Clearing Corporation and its customers operate.
Lastly, DTCC completed multi-year initiatives in 2005 that previously required significant investment, including expenses for business continuity purposes such as the establishment of the Southern Business Center in Tampa and the insourcing of certain data processing functions for the clearing corporations," said Considine.
SIAC operates clearance and settlement systems on behalf of the clearing corporations.