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.
Microsoft, United States â $73.72 billion. It is considered to be one of the most valuable companies in the world. It is also the largest software maker in the world based on revenues. The company was founded in 1975 by Bill Gates and Paul Allen, and has its headquarters in Redmond in Washington State.