Friday, July 24

● Latest

Markets What a clearinghouse does, and why it quietly holds markets together Economy What is the money supply, and what M1 and M2 actually measure Economy Why AI's power appetite is becoming an electricity problem Economy UK cuts business rates 20% for pubs, clubs and music venues Companies EasyJet's profit falls 70% as the oil shock drives up its fuel bill Markets Contango and backwardation: what the shape of the futures curve tells you Markets How commodity futures work, and why they set the price of oil Economy What is the Strategic Petroleum Reserve, and when does it move oil prices Markets What a clearinghouse does, and why it quietly holds markets together Economy What is the money supply, and what M1 and M2 actually measure Economy Why AI's power appetite is becoming an electricity problem Economy UK cuts business rates 20% for pubs, clubs and music venues Companies EasyJet's profit falls 70% as the oil shock drives up its fuel bill Markets Contango and backwardation: what the shape of the futures curve tells you Markets How commodity futures work, and why they set the price of oil Economy What is the Strategic Petroleum Reserve, and when does it move oil prices

Topic: clearinghouse

The interior of the Chicago Board of Trade

Thursday, 7/23, 10:16 PM

What a clearinghouse does, and why it quietly holds markets together

Every time two parties trade a futures contract, a third party you never see steps into the middle: the clearinghouse.
It becomes the buyer to every seller and the seller to every buyer, so that if one side defaults, the other still gets paid.
It is the plumbing that lets strangers trade billions without trusting each other.

clearinghouse — news and stories on this topic

This page collects all of Boursel's coverage of clearinghouse. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

Looking for the bigger picture? Browse markets, the economy, companies and crypto, or head back to the front page for the day's top stories.