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.
Either way this is a significant moment for the company and the technology market in general. Alphabet had a huge opportunity to finally pass Apple as the most valuable company in the world. Thereâs a clear narrative here. Alphabet, a software company with a few extra hardware bets, shares have dramatically outperformed those of Apple, a hardware company with a few extra software bets.