OCC, founded in 1973, is the world's largest equity derivatives clearing organization and the foundation for secure markets. Questions? Email options
@theocc
.com
In 1975, the U.S. SEC approved transforming CBOE Clearing Corporation into The Options Clearing Corporation (OCC), an industry clearinghouse for all U.S. equity options. This graphic from our 1976 annual report shows how the options clearing process functioned at that time.
OCC congratulates the
@small_exchange
on its successful launch and looks forward to providing the full range of clearing and risk management services that are afforded to all of our participating exchanges.
We're excited to share we've received a ‘Notice of No Objection’ from the SEC regarding our Cloud infrastructure proposal! With it we can continue to work with
@awscloud
to host our new clearing platform Ovation, launching in 2025, in the Cloud! Read more:
In 1983, OCC began clearing the first
#indexoptions
; these new cash-settled products were introduced by CBOE on its own CBOE 100 index, which later became the S&P 100, under the symbol $OEX.
#50yearsofoptions
2022 set a new annual cleared contract volume record with 10.38B contracts cleared and an average daily volume of 41.3M contracts. Compared to 2021, OCC had a 4.5% increase in total contracts cleared.
#options
#futures
“As we continue to transform digitally, the use of a more agile platform helps the company rapidly respond to new or changed business demands of its stakeholders, while maintaining maximum security.”
See how
@OptionsClearing
uses
#lowcode
.
OCC selects
@axoni
to modernize its securities lending system. This new, innovative technology will provide numerous benefits to clearing member firms. Read more:
“As we look ahead to 2019, OCC continues to be in an incredibly strong position to perform its functions as a [Systemically Important Financial Market Utility],” wrote OCC CFO Amy Shelly in our Annual Report. Learn why:
OCC leaders discussed company updates and initiatives for 2018 and our colleague charity program during our Chicago town hall today.
#EmployeeEngagement
OCC is proud to support
@Metrocresthelps
in Dallas, whose mission is to provide programs for individuals, families and senior citizens that lead to self-sufficiency and foster independence.
#GivingBack
With over 98% of our colleagues working remotely, we continue to deliver operational excellence to the users of the U.S. exchange-listed options markets. For example, on September 2, we cleared nearly 6.5 million trades, the second highest in OCC's history.
In 1992, OCC and the U.S. options exchanges founded
@Options_Edu
to increase awareness, knowledge and responsible use of exchange-listed options. Today, OIC serves as an industry resource provided by OCC and offers free education through .
#50yearsofoptions
The
@OptionsConf
finished strong with an insightful discussion on shaping the future of the industry with market participant executives including our CEO Andrej Bolkovic. Thanks to moderator Paul Jiganti for facilitating the discussion, and to all attendees for joining us!
Amy Lawson, OCC First Vice President of Product Development, joined a panel of industry experts to discuss the future of
#blockchain
technology and cryptocurrencies at the
@WILDerivatives
event on March 6 in Chicago.
Our CEO John Davidson is in Munich at the
@CBOE
RMC Europe Conference. He speaks tomorrow on "Changes in Margin and Capital Requirements that Will Affect You." Full agenda:
Dave Hoag, OCC's
#CIO
, discusses a data management project that OCC's summer technology interns worked on and the value they delivered to the company. Read more:
#OCC
#Blog
OCC total cleared volume reached over 30.3 million contracts yesterday; the first time since January 2016. Total cleared futures volume at OCC was the fourth highest ever, at 1.1 million contracts. More volume information here:
February 5, 2018 cleared volume beat out the previous record for 4th highest volume day with over 37 million contracts cleared. Futures volume at OCC reached its top volume day on February 5, 2018 with over 1.5 million contracts cleared. 📊
On this day 50 years ago, in the Board of Trade Building in Chicago's financial district, the Chicago Board Options Exchange (CBOE) was founded as well as its wholly owned subsidiary, CBOE Clearing Corp. — the predecessor to OCC.
OCC CIO David Hoag and CSO Mark Morrison discussed building security wins across a digital enterprise, as part of the
#SecureITIDG
conference.
@CSOevents
The total cleared contract volume on February 2, 2018 marks the 4th highest volume day at OCC ever, next to the August 5, 2011 volume of 39.9 million contracts cleared. The top cleared volume stands at 41.9 million contracts on August 8, 2011.
#OCC
#Volume