The Clearing Corporation · Chicago, IL United States
Company Description
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This link will open in a new window The Clearing Corporation (TCC) has no problem coming between buyers and sellers of over-the-counter traded derivatives (such as futures and options). As trades are continuously matched throughout the day, TCC substitutes itself as buyer and seller for the trade and thus guarantees the performance of every trade it accepts. The independent clearinghouse serves major dealers and participants in the worldwide derivatives market, most of which are stockholders. The company was formed in 1925 as The Board of Trade Clearing Corporation and became the first independent clearinghouse for futures markets in the US. TCC was bought by the IntercontinentalExchange (ICE) in 2009. To read the full description, subscribe now.
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Key The Clearing Corporation Financials
| Company Type | Business Segment Single Location |
| Fiscal Year-End | December |
| Employees | 92 |
The Clearing Corporation Executives
12 executives listed for The Clearing Corporation's Chicago, IL location.
| Title | Name & Bio | Contact |
| Chairman | Michael Dawley | Network |
| COO | Kevin McClear | Network |
| VP Information Technology Infrastructure | Richard Jerge | Network |
Competition
Competitive Landscape for The Clearing Corporation
Demand is driven primarily by the pace of technological innovation and the number of companies created to commercialize new technologies. The profitability of individual companies depends on successfully choosing and managing a portfolio of investments. Large companies have advantages in attracting investors, developing expertise in multiple technology markets, and funding large deals. Small companies can compete effectively by concentrating on specific market sectors or geographic areas. The average venture capital investment is about $8 million. Individual, or angel, investors, and large companies with strategic interests in early-stage companies are also sources of new venture funding. To read the full description, subscribe now.Top The Clearing Corporation Competitors
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