Series 3: 1.3.4.4.2. The Clearing Process

Taken from our Series 3 Online Guide

1.3.4.4.2. The Clearing Process

Once a trade is executed, the exchange notifies the executing brokerage, which in turn delivers the match to its clearing firm. Each clearing firm submits the trade to the clearinghouse and checks the terms of the two orders to confirm the match. The clear

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