Clearing Houses & Settlements Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Clearing Houses & Settlements Market Analysis
The clearing houses and settlements market is poised to register a CAGR of more than 7% by in the upcoming years.
The world's principal clearing organizations have formed a new association, called CCP 12, dedicated to improving global clearing, netting, and central counterparty (CCP) services. CCP 12 has identified a broad range of issues they will informally work together to address. These include improved information sharing, the enhancement of collateral usage, the development of collaborative opportunities, and the identification of minimum standards for risk management practices.
The purpose of the clearing houses and settlement market is to ensure the transaction goes smoothly, with the buyer receiving the tradable goods he intends to acquire and the seller receiving the right amount paid for the tradable goods he is selling. Clearing houses played a significant role in providing stability for financial markets during COVID-19 globally. Clearing houses operated behind the scenes to flawlessly process transactions, mitigate risk by monitoring exposures and acquiring margins to protect against a firm default, and promote efficiency and liquidity during the COVID-19 era.
Clearing Houses & Settlements Market Trends
Target2 is Driving Europe's Clearing and Settlements Market
TARGET2 is the leading settlement and clearing platform in Europe for handling large payments. Both central banks and commercial banks use it to handle payments in euros in real time.Central banks and commercial banks can submit payment orders in euros to TARGET2, where they are processed and settled in central bank money, i.e., money held in an account with a central bank.
TARGET2 participants are EU central banks and their national communities of commercial banks. More than 1,700 banks use TARGET2 to initiate transactions in euros, either on their behalf or on behalf of their customers. Taking into account branches and subsidiaries, more than 55,000 banks worldwide (and all their customers) can be reached via TARGET2.
Volume of payment facilitator transactions worldwide 2016-2021
Many small and micro-merchants used to only do business with cash because the onboarding process was hard. Now, payment facilitators are helping these businesses by making it easier for them to start accepting credit card payments in-store and online. The sudden rise in support from payment facilitators will keep payment networks growing because more digital payments are being made around the world. The data shows how many transactions payment facilitators around the world will handle from 2016 to 2021. Payment facilitators, which don't include giants like PayPal, Square, and Stripe, will handle about $513 billion worth of payments around the world in 2021.
Clearing Houses & Settlements Industry Overview
The report covers the major players operating in the clearing houses and settlements market. In terms of market share, some of the major players currently dominate the market. However, with technological advancements and product innovations, midsize to smaller companies are increasing their market presence by securing new contracts and tapping into new markets. Moreover, the market is expected to grow during the forecast period. Following are the top market players: Apex Clearing, Bank of America Merrill Lynch, FOLIOfn, Inc., Goldman Sachs Execution and Clearing LP, and J.P. Morgan Clearing Corp.
Clearing Houses & Settlements Market Leaders
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Apex Clearing
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Bank of America Merrill Lynch
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FOLIOfn, Inc
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Goldman Sachs Execution and Clearing LP
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J.P. Morgan Clearing Corp
*Disclaimer: Major Players sorted in no particular order
Clearing Houses & Settlements Market News
- January 2023: The Clearing House (TCH) announced that President and CEO Jim Aramanda will be retiring in early 2023, after 15 years leading the company. Aramanda will be succeeded by David Watson, who most recently served as Chief Product Officer of Swift.
- December 2022: Global fintech Airwallex announced it has partnered with Plaid, the data network powering the digital financial ecosystem, to offer an integrated solution that can streamline Automated Clearing House (ACH) payments and enable a more seamless, safe, and cost-efficient way to authorize debits from their bank accounts and fund their Airwallex accounts.
- November 2022: Finxact, a US-based core banking platform, teamed up with KPMG, a Canadian company, to promote embedded finance changes and the modernization of the banking core.
Clearing Houses & Settlements Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Buyers
- 4.5.2 Bargaining Power of Suppliers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights of Technology Innovations in the Market
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Outward Clearing House
- 5.1.2 Inward Clearing House
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5.2 By Service
- 5.2.1 TARGET2
- 5.2.2 SEPA
- 5.2.3 EBICS
- 5.2.4 Other Services
- 5.2.4.1 EURO1
- 5.2.4.2 CCBM
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5.3 By Geography
- 5.3.1 North America
- 5.3.2 Europe
- 5.3.3 Asia-Pacific
- 5.3.4 Latin America
- 5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Apex Clearing
- 6.2.2 Bank of America Merrill Lynch
- 6.2.3 FOLIOfn, Inc
- 6.2.4 Goldman Sachs Execution and Clearing LP
- 6.2.5 J.P. Morgan Clearing Corp
- 6.2.6 National Financial Services LLC
- 6.2.7 Pershing LLC
- 6.2.8 RBC Correspondent Services
- 6.2.9 StoneX
- 6.2.10 Southwest Securities Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityClearing Houses & Settlements Industry Segmentation
A clearing house is an intermediary between buyers and sellers of financial instruments. 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. A complete background analysis of the clearing houses and settlements market, which includes an assessment of the national accounts, economy, employment, and emerging market trends by segments, significant changes in the market dynamics, and a market overview, is covered in the report. The clearing houses and settlements market is segmented by type (outward clearing house, inward clearing house), by service (TARGET2, SEPA, EBICS), by other services (EURO1, CCBM), and by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The report offers market size and forecasts for the Global Clearing Houses and Settlements Market in value (USD billion) for all the above segments.
| By Type | Outward Clearing House | |
| Inward Clearing House | ||
| By Service | TARGET2 | |
| SEPA | ||
| EBICS | ||
| Other Services | EURO1 | |
| CCBM | ||
| By Geography | North America | |
| Europe | ||
| Asia-Pacific | ||
| Latin America | ||
| Middle-East and Africa |
Clearing Houses & Settlements Market Research FAQs
What is the current Clearing Houses and Settlements Market size?
The Clearing Houses and Settlements Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Clearing Houses and Settlements Market?
Apex Clearing, Bank of America Merrill Lynch, FOLIOfn, Inc, Goldman Sachs Execution and Clearing LP and J.P. Morgan Clearing Corp are the major companies operating in the Clearing Houses and Settlements Market.
Which is the fastest growing region in Clearing Houses and Settlements Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Clearing Houses and Settlements Market?
In 2024, the North America accounts for the largest market share in Clearing Houses and Settlements Market.
What years does this Clearing Houses and Settlements Market cover?
The report covers the Clearing Houses and Settlements Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Clearing Houses and Settlements Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Clearing Houses and Settlements Industry Report
Statistics for the 2024 Clearing Houses and Settlements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Clearing Houses and Settlements analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
