Clearing On Futures Exchanges
Now a combination of the Chicago Mercantile Exchange, the Chicago Board of Trade, and the New York Mercantile Exchange, CME Group owns and operates its own clearing operation while also offering clearing services (for a fee) to other exchanges. Its ClearPort operation also provides clearing for certain over-the-counter trades.
LCH.Clearnet (formerly known as The London Clearing House), for example, serves major international exchanges and platforms, as well as a range of OTC markets. It clears a broad range of asset classes including: securities, exchange traded derivatives, energy, freight, interbank interest rate swaps and euro and sterling denominated bonds and repos; and works closely with market participants and exchanges to identify and develop clearing services for new asset classes.
In 2008, Intercontinental Exchange established its own Clearing House to clear ICE Europe products and migrated clearing functions from LCH.Clearnet.
Read more about this topic: Clearing House (finance)
Famous quotes containing the words clearing on, clearing, futures and/or exchanges:
“He had a whole heaven and horizon to himself, and the sun seemed to be journeying over his clearing only the livelong day.”
—Henry David Thoreau (1817–1862)
“He had a whole heaven and horizon to himself, and the sun seemed to be journeying over his clearing only the livelong day.”
—Henry David Thoreau (1817–1862)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)
“When a girl marries, she exchanges the attentions of all the other men of her acquaintance for the inattention of just one.”
—Helen Rowland (1875–1950)