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May. 12, 2022
Dave Hoag Takes Financial Tech to Next Level: ChicagoCIO vice chair discusses successful leadership style
OCC’s Chief Information Officer Dave Hoag has spent most of his career in financial technology, helping shape the transformation of derivatives market infrastructure. As current vice chair and incoming chair of ChicagoCIO, a peer-based networking group that helps CIOs in the Chicago area maximize their leadership effectiveness, Hoag recently talked with Crain's Chicago Business about his leadership style and future plans for the organization. Read it here.
May. 11, 2022
Comprehensive technology overhaul for the world’s largest equity derivatives clearing house
Throughout the challenging market environment of the past two years, OCC’s clearing system, ENCORE, has served market participants well, processing record transaction volumes while managing exposures to a diverse set of risks. However, OCC’s ongoing transformation, including planned technology enhancements and data standardization, will help further drive operational excellence internally and externally.OCC’s Chief Operating Officer, Scot Warren, sat down with Zoi Fletcher from Risk.net to discuss our plans to utilize modern and modular architecture, the Cloud (pending...
May. 10, 2022
OCC Announces New Platform Name and Launches Enhanced Transformation Website
As you know, OCC continues to work diligently on our Renaissance Initiative to comprehensively redevelop and modernize our technology infrastructure, including our risk management, clearing and data systems.While we refer to the broad project as our Renaissance Initiative, we are pleased to share our new platform name and enhanced website today. Going forward, the website will house progress updates in preparation for go-live and key resources, such as our technical specifications as well as layouts and sample data, available in the third quarter of this year.ENCORE has kept pace with the...
May. 03, 2022
OCC April 2022 Total Volume Becomes Highest April on Record, Up 9.4% Year-Over-Year
OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through April 2022 was 41.8 million contracts, up 4.2 percent compared to year-to-date average daily volume through April 2021. Total volume was 782.8 million contracts, up 9.4 percent compared to April 2021.HighlightsTotal cleared contract volume (782.8 million) highest on record for month of AprilETF options cleared contract volume up 55.4% year-over-yearStock Loan transaction volume up 33.9% year-over-yearContract Volume Apr. 2022 ContractsApr. 2021...
May. 02, 2022
OCC Re-elects Donohue as Executive Chairman, Elects Member and Public Directors at 2022 Stockholder Meeting
OCC, the world's largest equity derivatives clearing organization, announced the election of two Class III Member Directors and two Class I Public Directors to its Board of Directors. In addition, Mr. Craig S. Donohue was re-elected as Executive Chairman of the Board. The vote took place during OCC’s annual stockholder meeting on April 29.The following Directors were unanimously elected as Class III Member Directors for the term ending in 2025:Stuart M. Bourne, Managing Director, Global Head of Prime Services at Bank of America. Mr. Bourne joined the OCC Board of Directors in...

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