Trade liffe options
Options Clearing Corporation OCC is a United States clearing house based in Chicago. It specialises in equity derivatives clearingproviding central counterparty CCP clearing and settlement services to 15 exchanges.
Instruments include optionsfinancial and commodity futures, security futures and securities lending transactions. Like all clearing houses, the OCC acts as guarantor between clearing parties ensuring that the obligations of the contracts they clear are fulfilled. In cleared contract volume totaled 4. As ofOCC was the largest equity derivatives clearing organization in the United States and operates under the jurisdiction of both the Securities and Exchange Commission SEC and the Commodity Futures Trading Commission CFTC.
Options Clearing Corporation - Wikipedia
Under its SEC jurisdiction, OCC clears transactions for put and call options on common stock and other equity issues, stock indexesforeign currencies, interest rate composites and single-stock futures. As a registered Derivatives Clearing Organization DCO under CFTC jurisdiction and a designated SIFMU under the Dodd-Frank ActOCC offer clearing and settlement services for transactions in futures and options on futures contracts.
OCC, in conjunction with the U. Option Exchanges, fund an educational organization called the Options Industry Council OIC. OIC is dedicated to helping individual investors, financial advisers and institutions understand the benefits and risks of exchange-listed options. OCC is overseen by a clearing member dominated board of directors [2] and operates as a financial market utility, receiving most of its revenue from clearing fees charged to its members.
The Options Clearing Corporation OCC was founded ininitially as a clearinghouse for five listed markets for equity options. Prior to its establishment, and due to a great deal of encouragement from the SEC, the Chicago Board Options Exchange had its own clearing entity, the CBOE Clearing Corporation. Clearing volumes have increased dramatically since its launch, reflecting the growing use of equity options. In Octoberfor example, the clearinghouse reported a clearing monthly volume record of In AugustOCC reported a record monthly volume of million contracts.
OCC issued a statement in response to the downgrade, that included this quote from OCC's forex stratejileri chairman and CEO Wayne P.
In SeptemberOCC filed to become compliant with the European Market Infrastructure Regulationwhich will enable banks registered in the region to trade U.
His role designated him to oversee a transition of Cahill's responsibilities to other OCC executives during the search; Chief Operating Officer Michael McClain, [10] 46, took on the additional title of president as part of the transition. On September 29,OCC and the U. The new standards include price reasonability checks, drill-through protections, activity-based protections and kill-switch protections, pending regulatory approval. The reforms are designed article what is binary options trading reduce the risk of errors or unintended activity that could cause or contribute to a financial loss to market participants and OCC.
OCC's participant exchanges include: BATSBoston Options ExchangeChicago Board Options ExchangeEDGX, International Securities ExchangeNASDAQ OMX BXInc.
Its clearing members serve both professional traders and public customers and comprise approximately of the largest U. OCC's goal is to service clearing members and the exchanges through an operating plan that market neutral options strategies timely, reliable, and cost-efficient clearing operations.
OCC also serves trade liffe options markets, including those trading commodity futures, commodity options, and cboe index options trading hours futures. OCC clears futures contracts traded on CBOE Futures Exchange, NYSE Liffe, NASDAQ OMX Futures Exchange and ELX Futures, as well as security futures contracts traded on OneChicago and options on futures contracts traded at NYSE Liffe US.
In addition, OCC provides central counterparty services for two securities lending [15] market structures, OCC's OTC Stock Loan Program and AQS, an automated marketplace for securities lending and borrowing. Key to a clearing organization is margin requirement, which manages its credit risk risk of member default.
The New York Stock Exchange | NYSE
From the s, the margining system was called known as TIMS Theoretical Intermarket Margin System. Inthis system was replaced by a new system called STANS System for Theoretical Analysis and Numerical Simulations. Sincethe contributions that OIC has made to the investing and brokerage communities have been significant to the growth of the options industry.
Today, retail investors, financial advisors, and institutional investors continue to show interest for information and education on exchange listed options. OIC delivers its education through a comprehensive websitefeaturing online courses, podcasts, webcasts and videos. OIC also offers live seminars, mobile tools and one on one investor services support from options professionals. From Wikipedia, the free encyclopedia. Not to be confused with Office of the Comptroller of the Currency.
World Federation of Exchanges.
Barbados Stock Exchange Belarusian Currency and Stock Exchange Bolsa de Comercio de Rosario Bolsa de Valores de Panama Bolsa Nacional de Valores Canadian Securities Exchange Dutch Caribbean Securities Exchange Ghana Stock Exchange Jamaica Stock Exchange Kuwait Stock Exchange Miami International Securities Exchange PFTS Stock Exchange Sydney Stock Exchange Seychelles Securities Exchange Trop-X.
Retrieved from " https: Companies established in Financial services companies of the United States Securities clearing and depository institutions Companies based in Chicago establishments in Illinois. Navigation menu Personal tools Not logged in Talk Contributions Create account Log in. Views Read Edit View history.
Navigation Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store. Interaction Help About Wikipedia Community portal Recent changes Contact page. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page.
This page was last edited on 24 Mayat Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply.
The People's Cube - Political Humor & Satire
By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view.
ChicagoIllinois, U. Clearing house financeEquity derivatives clearing.