A clearing fee is a charge assessed on securities transactions by a clearing house for completing transactions using its own facilities. It is most often associated with the trading of futures and includes all actions from the time a commitment is made to the time a transaction is settled.
What innovation has done most to reduce risk in capital markets in the past decade? A leading contender is surely the wider use of “central clearing”, which entails a single institution acting as the buyer to every seller and the seller to every buyer of a particular kind of security.
Crypto Asset Trading Supervision Booklet by BAPPEBTI (CoFTRA)