Current Press Releases
Chicago, March 3, 2014
OCC Announces Cleared Contract Volume in February Rose 8%
OCC announced today that total cleared volume in February reached 350,507,077 contracts, an 8 percent increase from the February 2013 volume of 325,237,351 contracts. OCC's year-to-date total cleared contract volume is up 8 percent in 2014 with 746,102,697 contracts.
Chicago, February 24, 2014
OCC's Board of Directors Joins Board Leadership Organization NACD
OCC announced today its Board of Directors has become a Full Board Member of the National Association of Corporate Directors (NACD). This NACD membership demonstrates OCC's commitment to the highest standards of corporate governance and board leadership.
Chicago, February 3, 2014
OCC Announces Record January for Options, Futures and Stock Loan Activity
OCC cleared contract volume reached 395,595,620 in January, an 8 percent increase from the January 2013 volume of 365,027,878 contracts. January 2014 marks the highest January volume for OCC to date, reaching record highs in options, futures and stock loan activity.
Chicago, January 28, 2014
OCC Prepares to Launch OTC S&P 500 Equity Index Options Clearing
OCC announced today it has received regulatory approvals to clear over-the-counter (OTC) equity index options, bringing capital and operational efficiencies and enhanced customer protections to the equity derivatives marketplace.
Chicago and Boston, January 27, 2014
OCC Teams with Securities Finance Trust Company to Create an Automated Default Management Platform
OCC and Securities Finance Trust Company (SFTC) announced today they have developed Auction Platform Services (APS) to aid OCC with its default management process.
Chicago, January 6, 2014
OCC Completes Executive Leadership Transition Plan, Expands Management Team
OCC announced today it has completed its executive leadership transition plan. Effective immediately, Craig S. Donohue assumes the role of Executive Chairman, with Michael E. Cahill becoming President and Chief Executive Officer. In his role as Executive Chairman, Mr. Donohue will preside over OCC Board meetings and will be responsible for OCC's control functions (Enterprise Risk Management, Internal Audit and Corporate Compliance) and external affairs (Government Relations and Corporate Communications/Options Industry Council). As President and CEO, Mr. Cahill will provide oversight for day-to-day business operations, overseeing Technology, Risk Management, Business Operations, Finance and Legal Affairs.
Chicago, January 2, 2014
OCC Announces Cleared Contract Volume Reached 4.2 Billion in 2013 and Record Year for Futures and Stock Loan Activity
OCC cleared contract volume reached 4,170,855,768 contracts in 2013, up 3 percent from the 2012 annual volume of 4,042,175,801 contracts. OCC ended the year with cleared contract volume reaching 325,905,926 contracts in December, up 3 percent from the December 2012 volume of 317,190,974 contracts.