OCC

About

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures, and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms. OCC plays a crucial role in providing risk management and settlement solutions that foster trust and security in the financial markets. The organization's capabilities extend from clearing over a million contracts daily to ensuring the seamless operation of the equity derivatives market. OCC's commitment to transparency, operational excellence, and collaborative culture is underscored by its initiatives aimed at enhancing the overall market structure and addressing emerging challenges in financial services.