2002 Press Releases
Chicago, December 10, 2002
OCC Appoints Two New Board Members
The Options Clearing Corporation (OCC) announced today the recent appointments of Mitchell J. Lieberman, Managing Director, Global Co-Head of Global Securities Services (GSS), Goldman Sachs & Co. (Goldman) and Gary E. Yetman, Managing Director, Co-Head of Global Equity Finance, Global Markets & Investment Banking Division, Merrill Lynch to its board of directors (Board). Their terms began in November.
Chicago, November 25, 2002
OCC Completes Second Major Installation of Encore Clearing System
The Options Clearing Corporation (OCC) announced today that it successfully completed the second major installation of its new clearing system, ENCORE, Release 3.0. With this implementation, OCC’s clearing members are now able to use ENCORE for their core positions processing.
Chicago, November 11, 2002
OCC Announces Inaugural Single-Stock Futures Volume
The Options Clearing Corporation (OCC) announced today that on Nov. 8, a total of 9,486 single-stock futures contracts traded.
Chicago, November 7, 2002
OCC’s Investors Services Center to Provide Educational Support for Security Futures
The Options Clearing Corporation (OCC) announced today that its Investor Services Center will be available to answer investors’ and brokers’ questions about security futures through its call center at 1-888-OPTIONS (678-4667) or by e-mail at email@example.com, and its Web site at www.optionsclearing.com.
Chicago, November 7, 2002
OCC Unveils MyOCC Portal at FIA Conference
The Options Clearing Corporation (OCC) announced today its demonstration of MyOCC, a new comprehensive Web resource for OCC clearing members, participant exchanges, retail brokers, trading desk personnel and other options industry professionals, at the Futures Industry Association’s Futures and Options Expo 2002. The expo will be held Nov. 6 - 8 at the Hyatt Regency, Chicago.
Chicago, June 13, 2002
The Options Clearing Corporation Promotes Michael E. Cahill to President and Chief Operating Officer
The Options Clearing Corporation (OCC) today unveiled the arrival of a new management era as it announced the promotion of Michael E. Cahill, 44, to President and Chief Operating Officer, effective July 1. Cahill was most recently Executive Vice President, Chief Financial Officer and Treasurer. His promotion marks the realization of a long-term management succession plan at the world’s largest clearing organization for options.
Chicago, May 07, 2002
OCC Elects Pershing Executive to Its Board
The Options Clearing Corporation (OCC) announced today the election of Ted H. Baker, Managing Director of Pershing, a division of Donaldson Lufkin & Jenrette Securities Corporation, a Credit Suisse First Boston company, to the OCC Board of Directors. He was elected effective April 23 and his term expires in April 2005.
Laquinta Resort, California, May 03, 2002
OCC Chairman Receives First Annual “Options Industry Appreciation” Award at 20th Annual Conference
The Options Clearing Corporation (OCC) announced today that Wayne P. Luthringshausen, OCC Chairman and Chief Executive Officer, received the First Annual Options Industry Appreciation Award. Luthringshausen received the award on behalf of the entire options industry at the 20th Annual Options Industry Conference in LaQuinta Resort, Calif. today.
Chicago, April 30, 2002
OneChicago, Options Clearing Corp. and Chicago Mercantile Exchange Inc. Sign Clearinghouse Agreements
OneChicago, LLC, The Options Clearing Corporation (OCC) and Chicago Mercantile Exchange Inc. (CME) today announced that they have signed official clearinghouse agreements for security futures.
San Francisco, April 17, 2002
Leaders of U.S. Options Marketplace to Gather for 20th Annual Options Industry Conference, May 2-4
Top executives from the U.S. options industry will discuss critical issues facing their marketplace when they gather for the 20th Annual Options Industry Conference. The conference is scheduled for May 2-4, at La Quinta Resort and Club near Palm Springs, Calif.
Chicago, February 21, 2002
Island Futures, OCC Sign Clearinghouse Agreement
Island Futures Exchange, LLC (Island Futures), (a subsidiary of Island Holding Company, Inc. ("Island")), and The Options Clearing Corporation (OCC) announced today that they have signed an official clearinghouse agreement for security futures.