Options clearing corporation shareholders
It specialises in equity derivatives clearingproviding central counterparty CCP clearing and settlement services to 15 exchanges. Instruments include optionsoptions clearing corporation shareholders and commodity futures, security futures and securities lending transactions. Like all clearing houses, the OCC acts as guarantor between clearing parties ensuring that the obligations of the options clearing corporation shareholders they clear are fulfilled.
In cleared options clearing corporation shareholders volume totaled 4. Under its SEC jurisdiction, OCC clears transactions for put and call options on common stock and other equity issues, stock indexesforeign currencies, interest rate composites and single-stock futures.
OCC, in conjunction with the U. OIC is dedicated to helping individual investors, financial advisers and institutions understand the benefits and risks of exchange-listed options.
OCC is overseen by a clearing member dominated board of directors  and operates as a financial market utility, receiving most of its revenue from clearing fees charged to its members. The Options Clearing Corporation OCC was founded ininitially as a clearinghouse for five listed markets for equity options. Clearing volumes have increased dramatically since its launch, reflecting the growing use of equity options. In Octoberfor example, the clearinghouse reported a clearing monthly volume record of In AugustOCC reported a record monthly volume of million contracts.
His role designated him to oversee a transition of Cahill's responsibilities to other OCC executives during the search; Chief Operating Officer Michael McClain,  options clearing corporation shareholders, took on the additional title of president as part of the transition. The new standards include price reasonability checks, drill-through protections, activity-based protections and kill-switch protections, pending regulatory approval.
The reforms are designed to reduce the risk of errors or unintended activity that could cause or contribute to a financial loss to market participants and OCC. OCC's participant exchanges include: Its clearing members serve both professional traders and public customers and options clearing corporation shareholders approximately of the largest U. OCC's goal is to service clearing members and the exchanges through an operating plan that emphasizes timely, reliable, and cost-efficient clearing operations.
OCC options clearing corporation shareholders serves other markets, including those trading commodity futures, commodity options, and security futures. Key to a clearing organization is margin requirement, which manages its credit risk risk of member default. Sincethe contributions that OIC has made to the investing and brokerage communities have been significant to the growth of options clearing corporation shareholders options industry.
Today, retail investors, financial advisors, and institutional investors continue to show interest for information and education on exchange listed options. OIC delivers its education through a comprehensive websitefeaturing online courses, podcasts, webcasts and videos. OIC also offers live seminars, mobile tools and one on one investor services support from options professionals. From Wikipedia, the free encyclopedia. Not to be confused with Office of the Comptroller of the Currency.
ChicagoIllinois, U. Clearing house financeEquity derivatives clearing.