2010 Press Releases
Chicago, December 16, 2010
OCC Announces Two Officers Promotions
The Options Clearing Corporation (OCC) announced today the promotions of two officers.
Chicago, December 7, 2010
OCC Earns Top Honors for Clearing House Innovation at FOW Awards
The Options Clearing Corporation (OCC) announced today that it has won the "Best Innovation by a Clearing House - Americas" Award for 2010 from FOW, a leading global derivatives publication, for its efforts in the Options Symbology Initiative (OSI).
Chicago, December 1, 2010
OCC Announces Total Contract Volume In November Increased 33%
The Options Clearing Corporation (OCC) announced today that total OCC volume reached 354,897,569 contracts in November. This represents a 33% percent increase over the November 2009 volume of 266,989,810 contracts. OCC year-to-date total volume is up 8% with 3,581,480,630 contracts, only 43,540,423 contracts away from last year's annual total. As of the end of November, OCC's year-to-date cleared futures volume is 23,619,380, nearly double the 2009 annual total of 12,383,935 contracts.
Chicago, November 1, 2010
OCC Announces Total Contract Volume In October Grew 4%
The Options Clearing Corporation (OCC) announced today that total OCC volume reached 344,148,365 contracts in October. This represents a 4% increase over the October 2009 volume of 332,434,278 contracts. OCC year to date total volume is up 5% from 2009, coming in at 3,226,581,844 contracts.
Chicago, November 1, 2010
C2 All-Electronic Options Exchange Joins The Options Clearing Corporation
OCC and CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that C2 Options Exchange, IncorporatedSM (C2SM) has become an OCC participant exchange. C2 began operations on Friday, October 29.
Chicago, October 1, 2010
OCC Announces Total Contract Volume Down 4% in September; Year-To-Date Average Daily Volume Up 6%
OCC announced today that total OCC cleared volume in September reached 303,851,940 contracts, representing a 4% decrease over the September 2009 volume of 316,624,143 contracts. OCC's year-to-date average daily volume is up 6% compared to 2009 with 15,332,099 contracts and year-to-date total volume is up 6% with 2,882,434,696 contracts.
New York and Chicago, September 20, 2010
S&P And The Options Clearing Corporation Bring Central Counterparty Clearing To OTC Index Options
Standard & Poor’s, the world’s leading index provider, and OCC, the world's largest equity derivatives clearing organization, announced today that S&P has licensed the OCC to clear Over-The-Counter (OTC) options based on the S&P 500.
Chicago, September 1, 2010
OCC Announces Total Contract Volume Remained Flat In August While Stock Loan Program Activity Continued To Grow
OCC announced today that total OCC cleared volume in August reached 285,128,314 contracts, representing a 1% decrease over the August 2009 volume of 287,627,998 contracts. OCC’s year-to-date average daily volume is up 7% compared to 2009 with 15,440,615 and year-to-date total volume is up 7% with 2,578,582,756 contracts. Activity in OCC's securities lending program has continued to grow with an 88% increase over last August.
Chicago, August 2, 2010
OCC Announces Total Contract Volume in July Down 9% as Year-to-Date Average Daily Volume Rose 9%
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. However, average daily volume for 2010 is 15,816,927 contracts, a 9% increase compared to last year's average of 14,552,341 contracts. OCC's year-to-date total volume is up 8% with 2,293,454,442 contracts.
Chicago, July 1, 2010
OCC Half Year Volume Reaches 2 Billion Contracts
OCC announced today that 2,014,209,214 total options contracts changed hands in the first half of 2010 representing an 11% percent increase over the first half of 2009. Total OCC volume for June came in at 311,231,916 contracts, a 2% decrease from June of last year when 316,348,912 contracts traded. This is the first time OCC cleared volume has reached 2 billion contracts at the half year mark, and follows closely on the first time full-year volume hit 2 billion contracts in 2006.
Chicago, June 1, 2010
OCC Announces 30% Increase in Cleared Contracts for Record Volume Month in May
OCC announced today that total OCC volume reached 408,432,157 contracts in May, representing a 29.56% percent increase over the May 2009 volume of 315,257,294 contracts. This marks the first time total cleared volume in a month surpassed 400 million contracts, and is higher than the annual total of 406 million contracts cleared in 1998. OCC year to date total volume is up 13.44% with 1,702,977,298 contracts.
Chicago, May 10, 2010
OCC Board Of Directors Welcomes Two New Members And Vice Chairman
OCC announced today that Craig Abruzzo and Valar Mihan were elected to the OCC Board of Directors. Additionally, Paul Brody was elected to the role of Vice Chairman and succeeds outgoing director Gary Yetman who completed his term at the end of April.
Chicago, May 7, 2010
Options Industry Sets New Daily Volume Record With 30,818,984 Contracts Traded On Thursday, May 6, 2010
OCC announced that a new daily options trading volume record was set on Thursday, May 6, 2010 when 30,818,984 contracts were traded. This is 2.7 percent higher than the previous record of 30,006,663 contracts set on September 18, 2008.
Chicago, May 3, 2010
OCC Announces Total Contract Volume in April Grew 12%
OCC announced today that total OCC volume reached 363,275,500 contracts in April. This represents an 11.79% percent increase over the April 2009 volume of 324,951,307 contracts. OCC year to date total volume is up 9.16% with 1,294,545,141 contracts.
Chicago, April 1, 2010
OCC Announces Total Contract Volume in March Grew 2%
OCC announced today that total OCC cleared volume in March reached 353,294,816 contracts. This represents a 2 percent increase over the March 2009 volume of 346,360,655 contracts. OCC year to date total contract volume is up 8 percent from 2009 with 931,269,641 contracts.
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.