Canadian Derivatives Clearing Corporation (CDCC)
Michael Landa, CPA, CA, CIA, currently serves as Chief Internal Auditor for both The Canadian Depository for Securities Limited (CDS) and the Canadian Derivatives Clearing Corporation (CDCC) since May 2023, and has held the same position at TSX Trust since March 2018. Additionally, Michael Landa has been with TMX Group since June 2013, taking on roles including Managing Director and Head of Internal Audit, Interim VP, and Director of Internal Audit. Prior experience includes a position as Assurance Senior at MSCM LLP and as Senior Staff Accountant at Ernst & Young, where oversight of multiple staff members was a key responsibility. Michael Landa began the career as a Summer Intern at Ernst & Young in 2006. Educational qualifications include a Chartered Accountant designation from the Institute of Chartered Accountants of Ontario and a B.Comm in Accounting and Finance from the University of Toronto - Rotman School of Management.
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Canadian Derivatives Clearing Corporation (CDCC)
Canadian Derivatives Clearing Corporation (CDCC) acts as the central clearing counterparty for exchange-traded derivative products in Canada and for a growing range of financial instruments trading in the over-the-counter (OTC) markets. CDCC's role is to ensure the integrity and stability of the markets that it supports. CDCC occupies a unique space in the Canadian financial markets. Here are the main reasons behind CDCC's exclusive position: - The only integrated central clearing counterparty in North America that clears and settles futures, options and options on futures. - Over thirty-five-year track record as the central clearing counterparty and guarantor of exchange-traded derivative products in Canada. - More than 30 clearing members, including major financial institutions and brokers in Canada.