A clearing house is an intermediary between buyers and sellers of financial instruments. Further, it is an agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data.
All the world's 10 most valuable companies, including Alphabet, Apple (AAPL) and Microsoft (MSFT), are based in the U.S., according to a USA TODAY analysis of data from S&P Capital IQ based on the S&P Global 1200 index. Alphabet's rise to No. 1 with a market value Tuesday of $554.8 billion is a historic moment.
Madrid's rival FC Barcelona came in third, with its value also rising 12 percent to $3.6 billion. The New York Yankees and British soccer giant Manchester United rounded out the top five, worth about $3.4 and $3.3 billion respectively. Here are the 10 most valuable sports franchises in the world, according to Forbes: