Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy.

OCC Welcomes MIAX Emerald Options Exchange

March 04, 2019
Chicago -

OCC, the world's largest equity derivatives clearing organization, today congratulated MIAX on the launch of MIAX Emerald, which began operations on Friday. This successful launch brings the total number of U.S. options markets to sixteen.

"OCC congratulates the Miami International Securities Exchange on the successful launch of MIAX Emerald," said John Davidson, OCC Chief Executive Officer. "As a Systemically Important Financial Market Utility, we are pleased to provide central counterparty clearing and settlement services to our newest participant exchange and to all of the U.S. options exchanges who serve the users of these markets. We look forward to the continued success of MIAX Emerald and the continued growth of the U.S. exchange-traded options industry."

With the addition of MIAX Emerald, OCC provides central counterparty clearing and settlement services to 20 exchanges and trading platforms for options, security futures, financial and commodity futures, and securities lending transactions. In 2018, OCC's cleared contract volume was 5.24 billion total contracts and 5.14 billion options contracts. These numbers surpass the previous industry records, set in 2011, of 4.60 billion total contracts and 4.56 billion options contracts.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).