A lucrative business of clearinghouse.

A clearing house is a financial institution that provides clearing and settlement services for finanncial and commodities derivatives and securities transactions.
A clearing house reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (a.k.a. margin deposits), by providing independent valuation of trades and collateral, by monitoring the credit worthiness of the clearing firms, and in many cases, by providing a guarantee fund that can be used to cover losses that exceed a defaulting clearing firm's collateral on deposit.
According to the Bank for International Settlements,hedge funds and speculators in interst rates swap alone accounted for nearly USD348trillion of the overall market.In fact large Wall Street banks dominated the playing fields and are among Nasdaq's biggest customer.Banks like JP Morgan and Goldman Sachs are surely the main benefacto.
Nasdaq, consumer advocates, and unions say the banks' dominance of both trading and clearing derivatives has driven up costs for companies that need to hedge the risk of changes in commodity prices or interest rates.
The Dow is 10 market days to index/options futures expiry.












9:30am:--A mild bullish open followed by a graveyard doji.A mixed US payrolls report.
10:30am:--Attempted rebound to near high but failed.Bearish engulfing.
11:30am:--Bearish hammer.Banks shares were down after a court ruling voided foreclosures on two homes.
12:30noon:--It's now the morning session low.Three black crows.
1:30pm:--A technical rebound to bear pivot resistance.The highest court in Massachusetts reportedly ruled that two foreclosures were invalid because banks didn’t show they owned the mortgages.
2:30pm:--Holding near the MAV resistance line.Bullish inverted sign.Persistent concerns about the debt of Portugal and Spainpressured the euro against the dollar.
3:30pm:--Bullish engulfing the the MAV resistance line.Crude oil slips below USD88.00
4:00pm:--A graveyad doji at the close.Possible follow through weakness.
Friday's candlestick has a long lower shadow and there are chances for it to be covered again.After starting with a bullish week,the opening candle has no lower shadow and a possible attempt to find one is on the card.
Stocks declined as investors digested a mixed employment report and turned their attention to next week's earnings season.
Not long after the jobs data was released, Fed Chairman Ben Bernanke told the Senate Banking Committee the economy may be finally hitting its stride, but that it will take time for employment to return to normal levels.
Alcoa(release report on Monday).In other positive news for stocks, investors moved $9.27 billion into equity funds in the week ended Jan. 5, the biggest inflow since June, while $9.6 billion exited money market funds, according to Lipper Analytical Services, a division of Thomson Reuters.