The Clearing Corporation

The Clearing Corporation

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.

Contact Details

Office Address

The Clearing Corporation
353 North Clark Street, Suite 3100
Chicago, IL, USA 60654
Phone: (312) 836-6700
Fax: (312) 986-3444

Executives

Chairman

Michael C. Dawley

President

Thomas J. (Tom) Hammond

Business Reviews for The Clearing Corporation

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