How Chicago Clearing Helps Proprietary Trading Firms and Market Makers
High volume trading means high-volume eligibility. Are you capturing it?

Proprietary trading firms and market makers move in and out of positions at a pace that most class action administrators aren't built for. That speed — and the sheer volume of trades it generates — creates a massive footprint of eligibility across securities class action settlements. The challenge is that capturing it requires exactly the kind of meticulous back-office work that doesn't fit your operating model.

 

The Problem

Class action claims are built on historical trade records, and for a firm trading hundreds of thousands of lots across thousands of securities, assembling that data for every eligible settlement is a resource-intensive undertaking. Most proprietary trading firms either don't file at all, file incompletely, or outsource to generalist services that don't understand how trading firm data is structured.

The result: significant recovery left on the table, year after year.

 

The Solution

CCC specializes in exactly this problem. Our team includes former back-office trading specialists who understand how prop firms and market makers record, store, and access their historical data. We extract, normalize, and utilize your data to build claims that hold up — from the initial notice through distribution.

We handle the full lifecycle so your operations team doesn't have to context-switch from trading infrastructure to legal administration.

 

Why CCC?

CCC's CEO James Tharin is a former CBOE market maker. Our core staff are back-office trading firm specialists with over 150 combined years in finance. We built CCC to serve exactly the kind of firms that larger, custody-focused recovery services overlook. We understand your world, your data, and your operational priorities.

 

CCC Services for Proprietary Trading Firms & Market Makers

  • High-volume trade data extraction and normalization
  • Portfolio monitoring across all new and historical settlements
  • Claim filing and deadline management
  • Deficiency resolution with administrators
  • Recognized loss calculation per position
  • Claim monetization on demand
  • Secure online recovery tracking

 

Let's Get Started

You've been generating eligibility with every trade. Let CCC turn that into recovered capital. Reach out today to learn more.

Chicago Clearing Corporation

 

Since 1992


3,200+ clients
And growing


42 million+
Individual accounts


7 Trillion
In AUM


3+ Billion
Recovered for clients

I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. Dealing with the CCC staff has been a very positive thing.

- National Bank

We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.

- Savings Bank

Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms. Now it's simple. It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.

- Registered Investment Advisor

Your client reporting portal and customer service is the reason we chose Chicago Clearing. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims).

- Bank

Contact Us

404 South Wells St., Suite 600,
Chicago, IL 60607 – United States
Phone: (312) 204-6970
Email:
clientservice@chicagoclearing.com

About Us

Chicago Clearing Corporation is the
industry leader in class-action services.

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