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2018 Press Releases

OCC is the foundation for secure markets. The OCC Newsroom contains our latest news, press releases, speeches, comment letters and media information. You can stay up-to-date with options news and market data by subscribing at the OCC Subscription Center.

Chicago, September 18, 2018
OCC Declares 2017 Clearing Member Refund Under Approved Capital Plan
OCC, the world's largest equity derivatives clearing organization, today announced the payment of a refund to clearing members under its approved capital plan. The refund of $78.7 million to clearing members was paid on September 14, 2018.

Chicago, September 4, 2018
OCC Cleared Contract Volume Up 10 Percent in August
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in August reached 433,740,316 contracts, up 10 percent compared to August 2017 volume of 395,912,022. OCC's year-to-date average daily cleared contract volume is up 19 percent with 20,321,325 contracts compared to 17,068,192 contracts in 2017.

Chicago, August 24, 2018
OCC Recovery Tools, Recovery and Orderly Wind-Down Plan Approved by SEC
OCC, the world's largest equity derivatives clearing organization, today announced that the U.S. Securities and Exchange Commission approved the company's proposed recovery tools and proposed recovery and orderly wind-down (RWD) plan, providing critical tools designed to enable OCC to successfully manage extreme market disruptions in future financial crises.

Chicago, August 22, 2018
S&P Says OCC Credit Rating Unaffected by SEC Approval of New Financial Safeguards Framework
OCC, the world's largest equity derivatives clearing organization, today commented on the August 21 bulletin by Standard & Poor's (S&P) saying that OCC's AA+/Stable credit rating remains unaffected by the approval of the company's new financial safeguards framework by the U.S. Securities and Exchange Commission.

Chicago, August 1, 2018
OCC Cleared Contract Volume Up 15 Percent in July
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in July reached 373,984,999 contracts, up 15 percent compared to July 2017 volume of 324,718,888. OCC's year-to-date average daily cleared contract volume is up 21 percent with 20,551,805 contracts compared to 17,045,133 contracts in 2017.

Chicago, July 30, 2018
OCC Financial Safeguards Framework Approved by SEC
OCC, the world's largest equity derivatives clearing organization, today announced that the U.S. Securities and Exchange Commission approved the company's proposed Financial Safeguards Framework, which impacts how OCC sizes its Clearing Fund and allocates contributions to the Clearing Fund from OCC's clearing members. OCC plans to implement the FSF starting on September 4.

Chicago, July 12, 2018
OCC Appoints General Counsel of NYSE Group to Board of Directors
OCC, the world's largest equity derivatives clearing organization, announced today that Elizabeth King, General Counsel of NYSE Group, has joined the Board of Directors as an Exchange Director. She fills a vacancy created by the departure of former NYSE Group President Thomas Farley in May.

Chicago, July 11, 2018
OCC Applauds Passage of Options Markets Stability Act by U.S. House of Representatives
OCC, the world's largest equity derivatives clearing organization, issued the following statement regarding the passage of H.R. 5749, the Options Markets Stability Act, by the U.S. House of Representatives on July 10.

Chicago, July 2, 2018
OCC Cleared Contract Volume Up Six Percent in June
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in June reached 409,115,041 contracts, up six percent compared to June 2017 volume of 387,597,223. OCC's year-to-date average daily cleared contract volume is up 22 percent with 21,012,628 contracts compared to 17,174,603 contracts in 2017.

Chicago, June 25, 2018
OCC Launches New Brand Identity
OCC, the world's largest equity derivatives clearing organization, announced today the launch of a new brand identity that aligns with its increasingly visible role as a systemically important financial market utility, influential thought leader, and steward of the U.S. exchange-listed options industry.

Chicago, June 1, 2018
OCC Cleared Contract Volume Increased Eight Percent in May
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in May reached 411,264,931 contracts, an eight percent increase from May 2017 volume of 380,010,098. OCC's year-to-date average daily cleared contract volume is up 25 percent from 2017 with 21,321,765 contracts compared to 17,079,884 contracts in 2017.

Chicago, May 1, 2018
OCC Cleared Contract Volume Up 27 Percent in April
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in April reached 405,853,179 contracts, a 27 percent increase from April 2017 volume of 320,547,848 contracts and marking the highest April on record. OCC's year-to-date average daily cleared contract volume is up 29 percent from 2017 with 22,026,812 contracts compared to 17,027,383 contracts in 2017.

Chicago, April 25, 2018
OCC Named Best Clearing House by Markets Media
OCC, the world's largest equity derivatives clearing organization, today said it was named Best Clearing House by Markets Media. The award was presented to OCC on April 24 in New York as part of the publication's 6th Annual Markets Choice Awards.

Chicago, April 12, 2018
OCC Re-Elects Craig Donohue as Executive Chairman, Elects Member and Public Directors at 2018 Stockholder Meeting
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in March reached 442,945,572 contracts, a 15 percent increase from March 2017. OCC's year-to-date volume is up 32 percent with 1,400,345,396 cleared contracts in the first quarter of 2018, compared to 1,058,670,212 contracts in the first quarter of 2017.

Chicago, April 2, 2018
OCC Cleared Contract Volume Up 15 Percent in March
OCC, the world's largest equity derivatives clearing organization, today announced the election of three Class II Member Directors and two Class III 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 11.

Chicago, March 1, 2018
OCC Announces Cleared Contract Volume Up 43 Percent in February
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in February was 477,587,355 contracts, up 43 percent from February 2017 volume of 333,411,251 contracts. OCC's year-to-date average daily cleared contract volume is up 39 percent from 2017 with 23,934,996 contracts.

Chicago, March 1, 2018
OCC Declares Nearly $80 Million Clearing Member Refund for 2017
OCC, the world's largest equity derivatives clearing organization, today announced the declaration of a nearly $80 million refund to clearing members under its approved capital plan. This is the second largest clearing member refund made by OCC since the inception of its capital plan.

Chicago, February 1, 2018
OCC Cleared Contract Volume Increased 42 Percent in January
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in January was up 42 percent from January 2017 with 479,812,469 contracts. Average daily volume at OCC is up 35 percent in 2018 with 22,848,213 contracts. OCC cleared futures volume is up 23 percent in January with 11,907,702 contracts. OCC's stock loan program reported strong volume numbers with 233,482 transactions in January, up 29 percent from January 2017.

Chicago, January 31, 2018
Gary Katz to Receive Joseph W. Sullivan Award at 2018 Options Industry Conference
The Options Industry Council (OIC), an industry resource funded by OCC, the world's largest equity derivatives clearing organization, today announced that Gary Katz, former President and Chief Executive Officer of the International Securities Exchange (ISE), will receive the 2018 Joseph W. Sullivan Options Industry Achievement Award.

Chicago, January 24, 2018
OCC Congratulates Powell on Confirmation as Fed Chair
OCC, the world's largest equity derivatives clearing organization, today congratulated Jerome Powell upon his confirmation by the U.S. Senate to be Chairman of the Federal Reserve.

Chicago, January 2, 2018
OCC AA+/Stable Rating Reaffirmed By S&P
OCC, the world's largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by Standard & Poor's (S&P). S&P published their rating on December 28, 2017.

Chicago, January 2, 2018
OCC 2017 Total Cleared Contract Volume Up Four Percent, Third Highest Volume Year Ever
OCC, the world's largest equity derivatives clearing organization, today announced 2017 volume reached the third highest total cleared contract volume ever with 4,327,576,930 contracts, a four percent increase from the 4,167,747,777 cleared contracts in 2016. December cleared volume was 346,006,092 contracts, up three percent from December 2016. OCC also reported record-breaking 2017 volume for cleared futures with 138,029,762 cleared contracts; a 32 percent increase from 2016.