Clearing house

A clearing house interposes itself between buyer and seller, guaranteeing performance and collecting margin. Its margin calls are what turn a price move into forced liquidation, which is how squeezes propagate.

instruments and markets · updated 2026-09-08

See also

• Margin — Margin is collateral posted against a position. Because margin requirements are calculated from marked prices, a manipulated price…
• Settlement price — The settlement price is the official end-of-session price used to mark positions, calculate margin and settle expiring contracts. …

Terms that refer here

Margin

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