Options Clearing Corporation (OCC)
Contents
Exploring the Options Clearing Corporation (OCC): Roles, Functions, and Evolution
Unraveling the Role of the Options Clearing Corporation (OCC)
Delve into the world of the Options Clearing Corporation (OCC), a pivotal organization in the realm of equity derivatives. Learn about its functions, regulatory oversight, and mission to instill stability in the derivatives market through risk management and settlement services.
Understanding the OCC's Mission and Operations
Discover the origins of the OCC, founded in 1973 with a mission to ensure the integrity of options and futures contracts. Explore its jurisdiction under the Commodities Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC), overseeing transactions in options, futures, and securities lending.
Insights into the OCC's Historical Significance and Evolution
Trace the OCC's journey through the aftermath of the 2008 financial crisis, a period marked by regulatory scrutiny and organizational reform. Explore the OCC's response to challenges, including criticism from federal regulators and efforts to strengthen corporate governance and compliance.
Leadership and Governance at the OCC
Meet the key figures steering the OCC into the future, including Executive Chair Craig S. Donohue, CEO John P. Davidson, and Executive Vice President Scot Warren. Learn about their backgrounds and contributions to the OCC's strategic direction and risk management efforts.
Navigating the OCC's Impact on the Derivatives Market
Gain insights into the OCC's pivotal role as a central counterparty, guarantor, and provider of value-added services for market participants. Explore its clearing volumes, exchange partnerships, and initiatives to support market growth and investor education.