Proposed Path to Cloud Adoption
As the exclusive provider of clearance and settlement services for listed options in the U.S., it is vital that our critical services remain continuously available to the markets we serve.
Our recently published Advance Notice filing, in connection with our proposed adoption of Cloud Infrastructure, reflects our planned path forward to leverage the Compute, Storage and Network capabilities of a Cloud Service Provider (CSP) while continuing to meet our regulatory requirements as a Systemically Important Financial Market Utility (SIFMU).
We believe our proposal meets the needs of our members and market participants by providing OCC with improved resiliency, further enhanced security and increased scalability. This planned cloud implementation signifies not just our commitment to promoting the broader financial system’s cloud journey, but also to building the future foundation of secure markets.