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How does clearing work for stock markets?

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Clearing is also practiced by stock and commodity exchanges. The Stock Clearing Corp. (started in 1920), for instance, is responsible for clearing transactions made at the New York Stock Exchange (NYSE); in addition, the National Securities Clearing Corp. (1976) handles clearances for NYSE, the American Stock Exchange, and Nasdaq (see under stock exchange ), and the International Securities Clearing Corp. (1985) handles overseas transactions.

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Similar questions: Which organization clears overseas transactions in the U.S.? What organization clears transactions for the New York Stock Exchange? [ Hide these questions ]

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