Current Press Releases
Chicago, March 11, 2010
OCC Board Of Directors Welcomes New Member
OCC announced today the appointment of a new member to its Board of Directors. The newly appointed Director is John S. Willian, global co-head of Prime Brokerage, Clearing, Electronic Trading, and Futures at Goldman Sachs.
Chicago, March 2, 2010
OCC Announces Clearing Refund For 2009
OCC announced today that its Board of Directors recently approved a refund of $57,928,503 to Clearing Members for the year ended Dec. 31, 2009.
Chicago, March 2, 2010
OCC Announces Total Contract Volume In February Grew 3%
OCC announced today that total OCC volume reached 264,435,951 contracts in February. This represents a 3 percent increase over the February 2009 volume of 256,464,343 contracts. OCC year to date total volume is up 12% from 2009, coming in at 577,974,825 contracts.
Chicago, February 26, 2010
BATS Exchange Join The Options Clearing Corporation
OCC and BATS Exchange, Inc (BATS) announced today that the BATS Exchange has become an OCC participant exchange. This follows Jan. 26 approval of BATS' options trading rules by the Securities and Exchange Commission (SEC). The BATS Options exchange begins operations of its options trading facility today.
Chicago, February 17, 2010
OCC Announces Successful Symbology Conversion
OCC is pleased to announce the February 12 conversion for the Options Symbology Initiative (OSI) has successfully been accomplished with firms, clearing members, exchanges and the OCC all now using the new OSI key.
Chicago, February 2, 2010
OCC Announces a Strong Start to 2010
OCC announced a significant increase in trading volume to start off 2010. Total OCC contract volume for January was up 22% from January 2009, averaging 16,502,046 contracts per day.
Chicago, January 19, 2010
OCC Announces Tamayo As New Chief Information Officer
OCC announced today that Raymond Tamayo has joined the company as Chief Information Officer (CIO).
Chicago, January 5, 2010
OCC Announces Its Busiest Year Ever
OCC announced today that 2009 was the busiest year in the 36-year history of the clearinghouse with record levels of options trading and major expansions of its futures and stock loan services.
Chicago,December 21, 2009
OCC Announces Three Officer Promotions
In a year when the importance of effective risk management and efficient operations was unequivocal, OCC today announced the promotions of three officers in these critical areas.
Chicago,November 19, 2009
OCC Announces November Test Results Show Increasing OSI Readiness
OCC announced today that the second round of testing for the Options Symbology Initiative (OSI) concluded successfully and the industry is on track with preparations for next year's changes.
Chicago,November 16, 2009
OCC Launches Redesigned Website
OCC announced today its web site, www.optionsclearing.com, has been redesigned and updated with an innovative and original design, improved navigation, robust content, and expanded reports to meet the needs of investors, market participants and the 13 exchanges and platforms for options, futures and securities lending transactions OCC serves.
Chicago,October 16, 2009
OCC Applauds The SEC, CFTC Recommendations On Harmonization Of Regulation
OCC released the following statement from Michael E. Cahill, OCC President and Chief Operating Officer, regarding the release of the Joint Report of the SEC and the CFTC on Harmonization of Regulation.
Chicago,October 8, 2009
OCC Board Of Directors Welcomes Three New Members
OCC announced today the elections of Andrew D. Kolinsky, President of Citadel Execution Services; Philip A. Pendergraft, Chief Executive Officer at Penson Worldwide, Inc. and Tom Stern, CEO of optionsXpress International, to the OCC Board of Directors.
Chicago,October 6, 2009
OCC And CME Group Mark 20 Years Of Cross-Margining Partnership
OCC and CME Group today commemorate the 20th anniversary of their highly successful cross-margining partnership that has brought greater efficiency and flexibility to the marketplace.