QUICK TAKE: OCC Likes Passage of H.R. 574907.19.2018
As sportscaster Marv Albert might say, “Yesssss!”
David Prosperi, Senior Vice President Communications for The Options Industry Council shared the positive sentiment with Traders Magazine as H.R. 5749 – the Options Markets Stability Act – has passed.
H.R. 5749 requires the appropriate U.S. federal banking agencies to increase the risk-sensitivity of the capital treatment of centrally cleared options.
“OCC and the U.S. Securities Markets Coalition applaud passage of H.R. 5749, the Options Markets Stability Act,” Prosperi said. “Passage of this legislation, sponsored by Representatives Randy Hultgren (R-IL) and Bill Foster (D-IL), is an important step forward in helping ensure that market makers can provide vital liquidity for investors who use the U.S. equity options markets to help manage their financial risk. OCC appreciates the leadership of Representatives Hultgren, Foster, House Financial Services Committee Chairman Jeb Hensarling (R-TX), Ranking Member Maxine Waters (D-CA) and the other members of the Committee for securing passage of H.R. 5749.”
The legislation is consistent with the U.S. Treasury Department’s October 2017 Report on Capital Markets which recommends, “that regulators properly balance the post-crisis goal of moving more derivatives into central clearing with appropriately tailored and targeted capital requirements.”
Cloud-enabled infrastructure delivers a 10% performance improvement for participants.
Exchange group’s crypto suite has had consistent volume and open interest growth.
Exchange group rolls out additional expirations for SPX Weekly Tuesday and Thursday contracts.
Anticipated Ethereum Merge has increased demand to hedge risk on a regulated venue.
Interest in Ether derivatives is surging ahead of the upcoming Ethereum Merge.