OCC

OCC

One North Wacker Drive
Suite 500 Chicago
IL 60606

Telephone
001 312 322 6200


Email
investorservices@theocc.com


Website
www.theocc.com
OCC is a cost-efficient, customer-driven organization that delivers world-class risk management, clearing and settlement services to the listed options market. Our role as a Systemically Important Financial Market Utility (SIFMU) is critical to providing financial stability for market participants, investors and the economy.

OCC’s financial guarantee and central counterparty role extends beyond listed options to over-the-counter options, financial and commodity futures, security futures, and securities lending. Through The Options Industry Council, OCC provides unbiased educational content to investors and market participants to promote responsible use and growth of listed equity options.

OCC’s role as a trusted market utility is built upon its commitment to excellence in risk management and the strength of its financial guarantee. OCC’s three-tiered system of financial safeguards includes margin requirements, a clearing fund, and rigorous membership standards. This system allows OCC to provide stability during times of unexpected events in the derivatives markets.
OCC Features archive
Securities Lending Times
Luke Moranda of OCC delves into the murky world of cyber risk to explain why, with the threat of attack increasing, fortune favours the prepared
Matt Wolfe, vice president of new products and business development at OCC, explains how the central clearer is enhancing its stock loan programme to better serve the market
Craig Donohue of OCC highlights the work being put into ensuring stability for the US listed equity options market
David Martocci, global head of agency lending at Citi, lifts the lid on the TAO securities lending platform, and why it’s such a formidable tool for its traders
OCC Interview archive
Securities Lending Times
OCC remains innovative in the face of external pressures, says John Fennell
Options Clearing Corporation is revamping its capital base, working on adding agent lenders and their clients to its ranks, and strengthening the current stock loan, futures and options franchises. Scot Warren explains
OCC’s Joseph Pellegrini reflects on 2014, and reveals what the central counterparty is looking to bring to market in the future
OCC News archive
Securities Lending Times
OCC’s growth continues
04 September 2017 | Chicago | Reporter: Drew Nicol
OCC's securities lending CCP activity was up 25 percent in new loans year-over-year in August, with 200,844 transactions
DC Circuit orders review of OCC’s capital plan
10 August 2017 | Chicago | Reporter: Drew Nicol
The US Court of Appeals for the DC Circuit has called on the US SEC to reconsider its premature acceptance of OCC’s amended capital plan
OCC securities lending activity increases significantly
02 August 2017 | Chicago | Reporter: Mark Dugdale
OCC's securities lending central counterparty activity was up 27 percent in new loans last month
OCC’s CCP sec lending continues to soar in June
04 June 2017 | Chicago | Reporter: Drew Nicol
OCC’s securities lending activity through its central counterparty rose by more than a quarter in new loans in June
OCC secures McCormick for new risk management role
29 June 2017 | Chicago | Reporter: Drew Nicol
OCC has brought on Amy McCormick into the new role of first vice president, financial risk management, effective immediately
Securities lending up in May for OCC
02 June 2017 | Chicago | Reporter: Drew Nicol
OCC's securities lending central counterparty activity was up 26 percent in new loans in May, compared to the same time last year
OCC secures Morgan Stanley’s Bodnar for OIC Roundtable
10 May 2017 | Chicago | Reporter: Drew Nicol
OCC has regained Robert Bodnar, executive director at Morgan Stanley, as a member of the governing body of its educational arm, the Options Industry Council
OCC and EquiLend partner for CCP project
05 May 2017 | Chicago | Reporter: Drew Nicol
EquiLend Clearing Services has developed a middle-office platform that supports OCC’s market loan programme by processing post-trade functions, including mark-to-market, returns, recalls and other trade lifecycle events
Securities lending up for OCC in April
02 May 2017 | Chicago | Reporter: Drew Nicol
Chicago-based clearinghouse OCC chalked up a 7 percent year-over-year increase in new loans through its central counterparty in April.
OCC bags new IT chief
18 April 2017 | Chicago | Reporter: Drew Nicol
OCC continues senior staff reshuffles with a new IT leadership and support roles
OCC poaches Ridgway for risk management
11 April 2017 | Chicago | Reporter: Drew Nicol
OCC has continued its raid on Wall Street with the appointment of David Ridgway as senior vice president for enterprise risk management
OCC names Citi’s Davidson as new COO
06 April 2017 | Chicago | Reporter: Drew Nicol
OCC gains new COO during strong volume growth period
OCC lines up two new board members
31 March 2017 | Chicago | Reporter: Drew Nicol
OCC has lined up senior figures from ABN AMRO Clearing Chicago, and Citadel Securities, as replacements for departing board members.
OCC clearers due $47m refund
29 March 2017 | Chicago | Reporter: Drew Nicol
OCC has confirmed that its next instalment of refunds and dividends will delivered later this year
OCC’s Donohue warns of zombie tax reform
17 March 2017 | Chicago | Reporter: Drew Nicol
The US equity options market must stay alert and be ready to work with government to head off potentially damaging tax reforms on the horizon, according to OCC executive chair and CEO Craig Donohue
OCC saw a strong start to its securities lending business in 2017, with a 19 percent increase in new loans through its central counterparty so far this year
OCC hits the ground running in 2017
02 February 2017 | Chicago | Reporter: Mark Dugdale
OCC members began 2016 with a bang, completing 180,624 transactions last month
OCC ends 2016 with strong growth
04 January 2017 | Chicago | Reporter: Drew Nicol
OCC saw an increase of 29 percent in new loans in December, ending a year of consistent growth in its securities lending central counterparty activities on a high...
OCC imbues senior leadership with new CFO
05 December 2016 | Chicago | Reporter: Drew Nicol
OCC has brought on former Optiver US CFO Amy Shelly as senior vice president and CFO...
OCC sees sec lending growth in November
02 December 2016 | Chicago | Reporter: Drew Nicol
OCC's securities lending central counterparty activity was up 35 percent in new loans in November...
EuroCCP recruits Sander Baauw
23 November 2016 | Amsterdam | Reporter: Mark Dugdale
Sander Baauw has joined EuroCCP as product manager. He is based in Amsterdam...
OCC sees sec lending growth in October
03 November 2016 | Chicago | Reporter: Drew Nicol
OCC saw its securities lending central clearing activity shoot up 33 percent in new loans in October...
OCC reaffirms leverage ratio objections
15 August 2016 | Chicago | Reporter: Mark Dugdale
The leverage ratio’s current exposure method could move liquidity away from the listed and centrally cleared markets back to the opaque bilateral over-the-counter markets, according to OCC's financial risk management chief...
ABN AMRO joins EuroCCP for UK equity clearing
10 March 2016 | London | Reporter: Drew Nicol
ABN AMRO Clearing Bank is set to consolidate its UK equity clearing with EuroCCP, as of 10 February...
DC Circuit refuses to delay OCC's approval
25 February 2016 | Washington DC | Reporter: Mark Dugdale
The DC Circuit has denied a motion to delay approval of OCC's capital plan, paving the way for the payment of refunds and dividends to shareholder stock exchanges and clearing members totalling $291.5 million...
OCC welcomes ISE Mercury Options Exchange
18 February 2016 | Chicago | Reporter: Drew Nicol
ISE’s newly launched options exchange, ISE Mercury, has become an Options Clearing Corporation (OCC) participant exchange...
SEC greenlights OCC capital plan
16 February 2016 | Chicago | Reporter: Drew Nicol
The US Securities and Exchange Commission has finally approved the OCC’s capital plan, following an independent review...
OCC enjoys a bumper January
02 February 2016 | Chicago | Reporter: Mark Dugdale
OCC's stock loan programme reported strong volume numbers in January, with year-to-date activity up 29 percent...
OCC issuing $39m refund to clearing members
21 December 2015 | Chicago | Reporter: Stephanie Palmer
OCC will implement its approved capital plan in 2016, issuing a $39 million refund to clearing members and a dividend of $17 million to stockholder exchanges, and a new fee schedule marking a 19 percent drop in cost...
OCC sees sec lending up by almost a third
06 October 2015 | Chicago | Reporter: Drew Nicol
New loan activity in OCC’s securities lending central counterparty increased 29 percent in September compared to the same month in 2014...
SEC lifts OCC capital stay
14 September 2015 | Chicago | Reporter: Mark Dugdale
The US SEC has lifted a temporary stay of OCC’s proposed capital plan amid a challenge from options competitors...
OCC enjoys August sec lending climb
02 September 2015 | Chicago | Reporter: Drew Nicol
The Options Clearing Corporation (OCC) has announced that its securities lending central counterparty clearing activity was up 27 percent for new loans in August 2015 with 119,360 transactions...
Record-breaking July a relief for OCC
04 August 2015 | Chicago | Reporter: Stephanie Palmer
OCC saw record levels of cleared contract volumes in July 2015, however year-to-date volumes are still behind last years’ figures...
OCC cleared contracts down from 2014
01 July 2015 | Chicago | Reporter: Stephen Durham
OCC’s cleared contract volume in May reached 308.6 million contracts, a 3 percent decrease from the May 2014 volume of 319.7 million contracts...
OCC cleared contracts decline
02 June 2015 | Chicago | Reporter: Stephen Durham
OCC’s cleared contract volume in May reached 308,639,215 contracts, a 3 percent decrease from the May 2014 volume of 319,742,239 contracts...
OCC promotes Joseph Kamnik
29 May 2015 | Chicago | Reporter: Becky Butcher
Joseph Kamnik, has been promoted to senior vice president and general counsel at OCC has appointed, effective 1 June...
Straight AA+ for OCC
27 May 2015 | Chicago | Reporter: Stephanie Palmer
Equity derivatives clearing organisation Options Clearing Corp. (OCC) has retained its AA+ or ‘stable’ rating from Standard & Poor’s...
Decline in cleared contract volume for OCC
06 May 2015 | Chicago | Reporter: Becky Butcher
OCC’s cleared contract volume in April stood at 331,552,965, an 8 percent decrease from the April 2014 monthly volume of 360,854,580 contracts...
OCC announces 6 percent decrease in volumes
02 April 2015 | Chicago | Reporter: Stephen Durham
OCC’s total cleared contract volume in March stood at 341,593,001 contracts, representing a 6 percent decrease from the March 2014 volume of 362,379,835 contracts...
OCC’s $33.3 million member refund approved
11 March 2015 | Chicago | Reporter: Stephanie Palmer
The Securities and Exchange Commission has approved OCC’s new equity capital plan, which will result in a reduction in clearing fees and a $33.3 million refund for clearing members...
OCC confirms repurchase facility deal
11 March 2015 | Boston | Reporter: Stephen Durham
The Options Clearing Corporation (OCC) and eSecLending have collaborated with CalPERS to develop a product to help OCC diversify and increase its committed liquidity resources while offering a risk-adjusted return for CalPERS...
OCC appoints new chief information officer
09 March 2015 | Chicago | Reporter: Becky Butcher
OCC has appointed Luke Moranda as senior vice president and chief information officer...
OCC sec lending activity decreases in February
03 March 2015 | Chicago | Reporter: Mark Dugdale
OCC's securities lending central counterparty activity was down 9 percent in new loans in February compared to the same month in 2014...
OCC names new vice president
25 February 2015 | Chicago | Reporter: Becky Butcher
OCC has appointed Scot Warren as executive vice president for business development and the Options Industry Council...
OCC reports dips across the board
03 February 2015 | Chicago | Reporter: Stephanie Palmer
OCC’s average daily cleared contract volume saw a 5 percent decline in January 2015, compared to the same period last year...
New $1 billion repurchase facility for OCC
21 January 2015 | Chicago | Reporter: Becky Butcher
OCC has established a pre-funded, $1 billion committed repurchase facility with a leading pension fund...
New chief risk officer at OCC
21 January 2015 | Chicago | Reporter: Becky Butcher
John Grace has joined OCC as executive vice president and chief risk officer...
OCC to work directly with non-banks
20 January | Chicago | Reporter: Mark Dugdale
OCC is planning to launch a new programme that will allow it to access new sources of liquidity through repo and securities lending agreements with non-banks such as pension funds and insurance companies...
OCC enjoys second highest year for cleared contracts
05 January 2015 | Chicago | Reporter: Stephen Durham
OCC cleared 4,333,019,384 contracts in 2014, a 4 percent increase from the 2013 volume of 4,170,855,768 contracts...
Contracts down in November for OCC
02 December 2014 | Chicago | Reporter: Stephen Durham
OCC cleared 298,563,036 contracts in November of this year, a 6 percent decrease from the November 2013 volume of 318,233,056 contracts...
Plentiful October for OCC
04 November 2014 | Chicago | Reporter: Stephen Durham
OCC’s total cleared contract volume in October reached 499,598,951 contracts, a 23 percent increase from October 2013...
OCC recruits Laurie Flom
03 November 2014 | Chicago | Reporter: Becky Butcher
Laurie Flom has joined OCC as first vice president and head of enterprise risk management...
OCC sees 16 percent rise in new loans
02 October 2014 | Chicago | Reporter: Mark Dugdale
OCC's securities lending central counterparty saw 101,800 transactions last month, with 16 percent in new loans over September 2013...
Changes for OCC with Cahill retirement
22 September 2014 | Chicago | Reporter: Catherine Van de Stouwe
Michael Cahill, CEO of OCC, will be retiring from the company at the year-end...
Increase in average daily cleared contract for OCC
03 September 2014 | Chicago | Reporter: Catherine Van de Stouwe
OCC’s securities lending central counterparty activity was down 16 percent in new loans for August 2014 compared to August 2013, with only 93,950 transactions last month...
Ten percent increase for OCC for July 2014
04 August 2014 | Chicago | Reporter: Catherine Van de Stouwe
OCC has announced a 10 percent increase in cleared contract volume for the month of July 2014 compared to July 2013, despite securities lending activity being down 14 percent in new loans...
More downs than ups for OCC
02 July 2014 | Chicago | Reporter: Stephen Durham
OCC's securities lending CCP activity was down 17 percent in new loans from June 2013 with 100,658 transactions for the month...
OCC CCP activity in May down 18 percent
03 June 2014 | Chicago | Reporter: Mark Dugdale
OCC's securities lending central counterparty activity was down 18 percent in new loans from May 2013, with 99,782 transactions recorded last month...
OCC announces cleared contract volumes
02 May 2014 | Chicago | Reporter: Stephen Durham
OCC’s total cleared contract volume in April reached 360,854,580 contracts, which is 4 percent less than the previous April with one less trading day...
Slight securities lending CCP decrease at OCC
02 April 2014 | Chicago | Reporter: Mark Dugdale
OCC's securities lending central counterparty activity was down 1 percent in new loans from March 2013 with 95,094 transactions last month...
OCC pulls out chairs for new 2014 board
18 March 2014 | Chicago | Reporter: Georgina Lavers
OCC has appointed new board officers and board committee chairs for 2014...
OCC lending CCP dips for February
04 March 2014 | Chicago | Reporter: Georgina Lavers
OCC's securities lending CCP activities declined by 2 percent in new loans year-on-year, with 88,536 transactions seen in February 2014...
OCC announces record January activity
04 February 2014 | Chicago | Reporter: Daniel Jackson
OCC cleared contract volume reached 395,595,620 in January, an 8 percent increase from the January 2013 volume...
OCC prepares S&P 500 launch
29 January 2014 | Chicago | Reporter: Daniel Jackson
OCC has received regulatory approvals to clear over-the-counter equity index options...
OCC reshuffles management
07 January 2014 | Chicago | Reporter: Georgina Lavers
The Options Clearing Corporation (OCC) has reshuffled its leadership team, and appointed Craig Donohue as executive chairman, with Michael Cahill becoming president and CEO...
OCC sees 8 percent increase in new loans
03 January 2014 | Chicago | Reporter: Daniel Jackson
OCC's securities lending central counterparty activities saw an 8 percent increase in new loans from December 2012 with 93,274 transactions last month...
OCC cleared contract volume up in 2013
03 December 2013 | Chicago | Reporter: Daniel Jackson
OCC’s year-to-date total cleared contract volume reached 3,844,949,842 contracts in November, up 3 percent from 2012...
Tauriga sciences appoints advisory board member
19 November 2011 | New York | Reporter: Daniel Jackson
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Tauriga Sciences has appointed John DiRocco to the company's business advisory board...
OCC enjoys new loans in October
04 November 2013 | Chicago | Reporter: Mark Dugdale
OCC's securities lending central counterparty activities saw a 26 percent increase in new loans from October 2012, with 97,472 transactions last month...
Flurry of activity for OCC's lending CCP
02 October 2013 | Chicago | Reporter: Georgina Lavers
OCC's securities lending central counterparty (CCP) activities saw a 21 percent increase in new loans from September 2012 with 87,792 transactions last month...
OCC's lending CCP sees rise in loans
04 September 2013 | Chicago | Reporter: Georgina Lavers
The Options Clearing Corporation (OCC) celebrated a slight rise in the number of contracts cleared, with total volume in August reaching 326,697,656 contracts...
All rise for OCC
02 August 2013 | Chicago | Reporter: Mark Dugdale
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OCC’s clear contract volume increased 6 percent in July as securities lending activity rose 53 percent...
OCC stock loan activity up 28 percent
02 July 2013 | Chicago | Reporter: Jenna Jones
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OCC’s year-to-date stock loan activity is up 28 percent from 2012 with 638,520 new loan transactions in 2013. The average daily loan value at OCC in June was $56,188,067,455...
OCC enjoys May increases
04 June 2013 | Chicago | Reporter: Mark Dugdale
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OCC's securities lending central counterparty activities saw a 46 percent increase in new loans over May 2012 with 121,016 transactions last month...
OCC’s lending CCP rises by 53 percent
02 May 2013 | Chicago | Reporter: Georgina Lavers
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The Options Clearing Corporation (OCC's) securities lending CCP activities saw a 53 percent increase in new loans over April 2012 with 121,910 transactions last month...
OCC on track with sec lending CCP activity
02 April 2013 | Chicago | Reporter: Georgina Lavers
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OCC's securities lending CCP activities saw a 15 percent increase in new loans over March 2012 with 95,686 transactions last month...
European clearinghouses merge to form new CCP
14 March 2013 | Amsterdam | Reporter: Mark Dugdale
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Pan-European cash equities clearinghouses EMCF and EuroCCP will combine to form a new central counterparty (CCP)...
OCC witness securities lending rise but cleared contract decline
04 March 2013 | Chicago | Reporter: Jenna Jones
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OCC’s February figures show an increase in securities lending CCP activities but a decline in cleared contract volume...
Securities lending CCP activities up for OCC
04 February 2013 | Chicago | Reporter: Georgina Lavers
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Total cleared contract volume in January reached 365,027,878 contracts for OCC. This represents an 8 percent increase from the January 2012 volume of 337,222,938 contracts...
OCC sees securities lending loan increase
03 January 2013 | Chicago | Reporter: Jenna Jones
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OCC securities lending counterparty (CCP) activities saw a 92 percent increase in new loans year-on-year with 86,694 transactions in December...
Quadriserv to serve up repo platform
19 December 2012 | New York | Reporter: Mark Dugdale
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Quadriserv is working on a central counterparty (CCP)-based platform for equity repo, the firm has revealed. OCC will serve as the CPP clearer for AQS Repo, which has gained support from repo industry participants...
OCC’s sec lending loans up 38 percent
04 December 2012 | Chicago | Reporter: Jenna Jones
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OCC securities lending central counterparty (CCP) activities saw a 38 percent increase in new loans year-on-year with 72,740 transactions in November...
OCC's securities lending activity up 31 percent
02 November 2012 | Chicago | Reporter: Jenna Jones
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Options Clearing Corporation’s (OCC) securities lending CCP activities saw a 31 percent increase in new loans from October 2011 with 77,292 transactions in October...
Martocci moves up the ranks at Citi
24 September 2012 | New York | Reporter: Jenna Jones
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David Martocci has replaced Tim Douglas and will head up securities finance at Citi...
ASIC threatens second short selling ban
24 September 2012 | Canberra | Reporter: Jenna Jones
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Australian regulators have said that a new ban on short selling will be implemented if a situation similar to the global financial crisis reoccurs...
Securities lending is at a high for OCC
07 September 2012 | Chicago | Reporter: Georgina Lavers
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Options Clearing Corporation’s (OCC) securities lending CCP activities saw a 50 percent increase in new loans from August 2011, with 92,072 transactions last month...
OCC sees rise in July 2012 securities lending volume
02 August 2012 | Chicago | Reporter: Mark Dugdale
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OCC’s securities lending central counterparty activities saw a 19 percent increase in July 2012 when compared to the same period in 2011, with 80,674 new transactions...
OCC’s securities lending volume rises
03 July 2012 | Chicago | Reporter: Mark Dugdale
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OCC’s cleared contract volume declined 6 percent in the first half of 2012, but its securities lending volume rose 15 percent...
OCC scores May 2012 clearing increase
04 June 2012 | Chicago | Reporter: Mark Dugdale
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OCC's stock loan programme had an average daily notional value of $32,519,734,680...
34 per cent rise in securities lending for OCC
02 May 2012 | Chicago | Reporter: Georgina Lavers
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OCC announced that cleared contract volume reached 321.9 million contracts in April, a 5 per cent decrease from the April 2011 volume of 338.6 million contracts...
Securities lending rises 18 per cent at OCC
03 April 2012 | Chicago | Reporter: Georgina Lavers
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OCC has cleared 379.8 million contracts in March, a 10 per cent decrease from the March 2011 volume of 421.5 million contracts...
OCC securities lending up 7% in February
02 March 2012 | Chicago | Reporter: Anna Reitman
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OCC's stock loan program, including OTC and AQS, saw a seven per cent increase in new loan activity with 68,820 new loan transactions in February....
OCC stock loan program up in 2011
04 January 2012 | Chicago | Reporter: Anna Reitman
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OCC's total cleared contract volume in 2011 reached 4.6 billion contracts, a 17 percent increase over the 2010 volume, marking the ninth consecutive year of record volume for the clearer...
OCC securities lending falls 17 per cent
02 December 2011 | Chicago | Reporter: Ben Wilkie
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OCC's stock loan programme, including OTC and AQS, saw new loan activity fall 17 per cent compared to November 2010 with 52,838 new loan transactions in November...
OCC 's stock loan program drops slightly
03 October 2011 | Chicago | Reporter: Anna Reitman
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OCC's stock loan program, including OTC and AQS, saw new loan activity fall one percent in September compared to the same month last year with 58,614 new loan transactions...
OCC's stock loan program sees July jump
09 September 2011 | Chicago | Reporter: Anna Reitman
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OCC's stock loan program, including OTC and AQS, reported a 24 per cent jump in new loan activity...
OCC's securities lending up 24%
02 August 2011 | Chicago | Reporter: Anna Reitman
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New loan activity increased 24 per cent, or over 67,000 contracts in July compared to the same month last year, said Chicago-based Options Clearing Corporation (OCC)...
Real-time risk management essential
25 July 2011 | London | Reporter: Justin Lawson
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Risk management research has found that the ability to aggregate global data and take snapshots of their risk position is essential not only to react to extreme scenarios but also for risk events that occur every day.........
OCC volumes see June rise
04 July 2011 | Chicago | Reporter: Ben Wilkie
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Total cleared volume at OCC in June reached 376,877,261 contracts, a 21 per cent increase from the June 2010 volume of 311,231,916 contracts...
May decline but record year predicted for OCC
03 June 2011 | Chicago | Reporter: Ben Wilkie
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Total cleared volume in May at OCC reached 362,653,311 contracts, an 11 per cent decline from the May 2010 volume of 408,432,157 contracts...
OCC securities lending volumes continue to rise
02 May 2011 | Chicago | Reporter: Justin Lawson
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OCC figures show overall cleared volumes reached 338,562,433 contracts in April, representing a 7 percent decrease from April 2010. However, volume decline was primarily in options contracts as securities lending volumes continued to rise.....
SEC approves OCC rule change
14 April 2011 | Chicago | Reporter: Justin Lawson
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The US Securities and Exchange Commission has approved a rule change clarifying the net capital treatment of certain stock loan transactions processed through OCC...
OCC increases volumes in March
04 April 2011 | Chicago | Reporter: Ben Wilkie
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Total volume at OCC reached 421,466,054 contracts in March, representing a 19 per cent increase over the March 2010 volume of 353,294,816 contracts.
Options Clearing Corporation rebrands
17 March 2011 | Chicago | Reporter: Justin Lawson
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Reflecting its more diverse suite of clearing solutions, The Options Clearing Corporation today has revised its brand identity and will now be known as OCC.
OCC volume increases 35 per cent
01 March 2011 | Chicago | Reporter: Ben Wilkie
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Total OCC cleared volume in February reached 357,275,834 contracts. This represents a 35 per cent increase over the February 2010 volume of 264,435,951 contracts...
EuroCCP to Clear Trades for the Spanish MTF, PAVE
01 March 2011 | London | Reporter: Steven Lafferty
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EuroCCP, the pan-European cash equities clearing house, has signed a memorandum of understanding (MOU) with PAVE, (Plataforma Alternativa de Valores Españoles), Spain’s first multilateral trading facility (MTF), to become the clearing house for PA
Options Clearing Corporation appoint Callahan
25 February 2011 | Chicago | Reporter: Justin Lawson
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The Options Clearing Corporation (OCC) has announced the appointment of Thomas Callahan, Executive Vice President and Chief Executive Officer of NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext, to its Board of Directors.
OCC volume up 22 per cent
02 February 2011 | Chicago | Reporter: Ben Wilkie
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Total OCC cleared contract volume in January reached 381,558,077, a 22 per cent increase from the January 2010 total of 313,538,874...
First transactions on EquiLend via OCC
19 January 2011 | New York | Reporter: Steven Lafferty
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EquiLend clients have utilised the EquiLend platform to execute equity trade transactions which were centrally cleared via the OCC (Options Clearing Corporation)...
OCC announces record year
05 January 2011 | Chicago | Reporter: Ben Wilkie
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The Options Clearing Corporation (OCC) announced today that total OCC volume in December reached 344,206,175 contracts, a 16 per cent increase over the December 2009 volume of 296,703,081...
Securities lending increases 71 per cent at OCC
02 December 2010 | Chicago | Reporter: Ben Wilkie
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The Options Clearing Corporation (OCC) has said that total OCC volume reached 354,897,569 contracts in November, with stock loan activities up 71 per cent...
Developments in the CCP space
18 October 2010 | London | Reporter: Justin Lawson
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Omgeo and EuroCCP's new pan-European equities matching and central counterparty clearing (CCP) service for hedge fund transactions has executed a live trade with prime broker and executing broker, Credit Suisse, and hedge fund manager, Citadel.
Volumes flat at OCC, but securities lending grows
02 September 2010 | Chicago | Reporter: Ben Wilkie
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The Options Clearing Corporation (OCC) announced today that total OCC cleared volume in August reached 285,128,314 contracts, representing a one per cent decrease over the August 2009 volume of 287,627,998 contracts...
J.P. Morgan Joins EuroCCP as general clearing participant
11 August 2010 | London | Reporter: Justin Lawson
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EuroCCP and J.P. Morgan Worldwide Securities Services announced today that J.P. Morgan has become a general clearing participant (GCP) in EuroCCP, which provides clearing and settlement services for a wide range of European markets.
OCC contract volume down
06 August 2010 | Chicago | Reporter: Justin Lawson
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The Options Clearing Corporation (OCC) announced today that total OCC cleared volume in July reached 279,245,228 contracts, representing a 9% decrease over the July 2009 volume of 307,085,331 contracts.
Citi snaps up David Martocci
30 June 2010 | New York | Reporter:
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David Martocci has been appointed managing director and global product manager of third party securities lending at Citi Global Transaction Services
Options Clearing Corporation Board Shuffle
11 May 2010 | Chicago | Reporter:
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The Options Clearing Corporation (OCC) has announced that Craig Abruzzo and Valar Mihan were recently elected to the OCC Board of Directors. Additionally, Paul Brody was elected to the role of Vice Chairman and succeeds outgoing director Gary Yetman