Being the Montreal Exchange’s subsidiary companу, CDCC fulfills the function of the principal clearing counterparty in the process of derivative output trading on the exchange. Apart from this function, CDCC performs as a counterparty in an increasing number of the off-exchange trade deals. To guarantee the steadiness and unity to the supported markets is the CDCC’s basic aim.
The exceptional position taken up by CDCC among all the financial markets of Canada is easily explained by the following reasons:
- There’s no other counterparty equal to this unique corporation in options, futures and options on futures clearing and settling in North America.
- 35 years’ experience and practice in exchange-trading.
- According to the average audience rating got from Standard & Poor’s CDCC proves to conduct both reasonable and standard risk assessment policies and a process sequence.
CDCC includes about 30 members, among which both main Canadian brokers and financial institutions are represented.