06.02.2020

OCC Welcomes The Small Exchange

06.02.2020

OCC, the world’s largest equity derivatives clearing organization, congratulated the Small Exchange on its successful launch. With this newest addition, OCC now provides central counterparty clearing and settlement services to 21 exchanges and trading platforms for options, security futures, financial and commodity futures, and securities lending transactions.

“As the U.S. exchange-traded derivatives industry continues to expand, we are pleased to welcome the Small Exchange as a participant exchange,” said OCC Chief Executive Officer John Davidson. “In that role, the Small Exchange will be afforded the full range of clearing and risk management services available to all of our other participating exchanges.”

Chief Operating Officer Scot Warren added, “As a Systemically Important Financial Market Utility, we look forward to working with the Small Exchange and promoting operational excellence and innovation to support the continued growth of exchange-traded options and futures in the U.S.”

Source: OCC

Related articles

  1. Basel Committee Consults on Interest-Rate Risk

    LCH SwapAgent said trade highlights its coordination of the transition to risk free rates for non-cleared OTC ...

  2. Regulators Defend MiFID II Transparency

    CPMI and IOSCO encourage work to enhance transparency regarding new access models and facilitate porting.

  3. CCP clearing will be particularly advantageous for capital treatment.

  4. Users can further consolidate their CDS portfolios in the clearing space.

  5. Buy Side Forced to Review Collateral Arrangements

    More buy-side firms will be caught by the new rules.