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.
Google overtakes Apple as world's most valuable listed company. Revenue spike sees tech firmâs parent company, Alphabet, valued at $568bn â surpassing Appleâs valuation of $535bn. Googleâs global revues rose 13% to $75bn, and itâs tax rate fell to 17% Photograph: Yui Mok/PA.