May 16, 2025
Experience: 25+ years of technology experience in finance, banking, consulting and tech industries Previously served as Chief Security Officer at a large asset management firm and as Chief Security Officer, Azure Global at Microsoft; has also held leadership roles at First Information Technology Services and The Bank of Washington Certified Information Systems Security Professional (CISSP) Education: Bachelor’s degree in political science from Kansas State University Quick Facts: Worked in IT during college to pay for his degree Rides a motorcycle Loves coffee and has taught coffee making...
May 02, 2025
OCC April 2025 Monthly Volume Data Contract Volume April 2025 Contracts April 2024 Contracts % Change 2025 YTD ADV 2024 YTD ADV % Change Equity Options 604,903,991 490,980,112 23.2% 30,418,108 24,243,717 25.5% ETF Options 557,228,233 432,600,457 28.8% 22,976,590 18,714,609 22.8% Index Options 107,953,000 96,856,178 11.5% 4,857,873 4,210,675 15.4% Total Options 1,270,085,224 1,020,436,747 24.5% 58,252,571 47,169,001 23.5% Futures 6,487,200 6,807,771 -4.7% 261,611 243,735 7.3% Total Volume 1,276,572,424 1,027,244,518 24.3% 58,514,182 47,412,736 23.4% Securities Lending April 2025 Avg. Daily...
May 02, 2025
OCC, the world's largest equity derivatives clearing organization, today announced the appointment of Stephen Luparello as Chairman, succeeding Craig Donohue, who resigned to pursue another career opportunity. Mr. Luparello is a Public Director on OCC’s Board of Directors, most recently serving on the Compensation and Performance Committee (Chair) and the Regulatory Committee (Chair). He will serve as Chair for the remainder of Donohue’s term, which runs through April 2026. Luparello’s impressive career in financial markets includes stints as Managing Director and General Counsel for...
Apr. 25, 2025
OCC's Chief Security Officer-Elect, Matt Rathbun, recently sat down for an interview with Risk.net to discuss how financial organizations can look at careful implementation of generative AI, from code development to risk management. “There are many opportunities for an organization like the OCC to leverage generative AI to offload much of the lower-order cognition to software and allow our analysts to focus on higher-order tasks and move faster, more effectively, or be more creative,” he says. Read more here
Apr. 10, 2025
OCC, the world's largest equity derivatives clearing organization, today congratulated Paul Atkins on his Senate confirmation as Chairman of the United States Securities and Exchange Commission (SEC). "On behalf of our Board of Directors, we congratulate Paul Atkins on his confirmation as SEC Chairman,” said Craig Donohue, Chairman of OCC’s Board of Directors. “He brings extensive knowledge and experience in financial regulation and market infrastructure with a principled approach to oversight. Market participants will benefit from having him return to the SEC as chairman.” Andrej Bolkovic...