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.