OCC Congratulates New SEC Chair Gary Gensler
OCC, the world's largest equity derivatives clearing organization, today congratulated Gary Gensler on becoming the new U.S. Securities and Exchange Commission (SEC) chair.Craig Donohue, OCC Executive Chairman, said, “On behalf of the Board of Directors and my OCC colleagues, we congratulate Gary Gensler on becoming the new SEC chair. His deep expertise in public policy combined with his wealth of knowledge about the global financial markets will serve the Commission and the investing public well. We look forward to working with him and the other Commissioners on key issues...
OCC March 2021 Total Volume Up 34.8 Percent from a Year Ago
OCC, the world's largest equity derivatives clearing organization, announced today that March 2021 total cleared contract volume was 904,039,629 contracts, the highest volume month on record and up 34.8 percent compared to March 2020. March also marks the end of the highest quarter by contract volume in OCC’s history. Year-to-date average daily cleared contract volume through March was 42,231,809 contracts, up 48.7 percent compared to March 2020.Options: Total exchange-listed options cleared contract volume was 898,653,388, up 35.6 percent compared to March 2020. Equity options...
TD Ameritrade and Dash Financial Technologies Executives Join OCC Board of Directors
OCC, the world's largest equity derivatives clearing organization, today announced two new members of its Board of Directors: JJ Kinahan, Chief Market Strategist and Managing Director of Trading and Education at TD Ameritrade, and Peter Maragos, co-founder and Chief Executive Officer of Dash Financial Technologies."We are pleased that JJ and Peter are adding their expansive industry knowledge and experience to our Board of Directors," said Craig Donohue, OCC Executive Chairman. "As veterans of the U.S. equity options industry, their expertise will support OCC's...
OCC February 2021 Total Volume Up 45.6 Percent from a Year Ago
OCC, the world's largest equity derivatives clearing organization, announced today that February 2021 total cleared contract volume was 828,558,430 contracts, the second highest month on record after January 2021 and up 45.6 percent compared to February 2020. Year-to-date average daily cleared contract volume through February was 44,002,651 contracts, up 61.4 percent compared to February 2020.Options: Total exchange-listed options cleared contract volume was 823,412,827, up 47.4 percent compared to February 2020. Equity options cleared contract volume was 786,095,745 contracts, up 54.8...