Most investors never see clearing, but every trade depends on it.
As trading activity increases and market conditions shift, clearing helps ensure transactions continue to move forward with consistency and confidence. Through a centralized clearing model, NSCC reduces the number of obligations firms must manage and lowers the amount of capital required to support trading activity.
The efficiencies created through clearing are only possible through shared market infrastructure. By bringing participants together within a common framework, DTCC helps reduce friction, strengthen risk management and support the safety and soundness of the U.S. equity markets.
Supporting U.S. equity markets since 1976
Equity transactions processed in 2025
Average reduction in equities payment obligations through multilateral netting
Record equities transactions cleared in a single day
Data as of Q2 2026
Every day, firms execute thousands of trades across multiple counterparties. Managing every obligation individually increases operational complexity, ties up capital and creates additional exposure when counterparties experience difficulty meeting their obligations.
Through centralized netting, clearance, settlement and risk management services, NSCC helps firms reduce risk, improve efficiency and support market stability across the post-trade lifecycle, with eligible transactions benefiting from NSCC's trade guarantee.
