Risk Magazine Names OCC Clearinghouse of the Year | Illinois

CHICAGO–(BUSINESS WIRE)–February 17, 2022–

OCC, the world’s largest equity derivatives clearing organization, was honored as Clearing House of the Year in 2022 by Risk magazine.

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©2022. The Options Clearing Company. All rights reserved.

“This award underscores the importance of OCC’s role in providing resilience, stability and integrity to financial markets and the broader economy,” said Craig Donohue, Executive Chairman of the OCC. “We are proud of this recognition and will continue to strive for excellence while fulfilling our commitment to provide world-class clearing, settlement and risk management services to our participating exchanges, member clearing firms and participants of the market, and to serve as the basis for secure market services”.

The Risk Awards recognize excellence in the global derivatives markets and in risk management in 27 categories. Applications were assessed by Risk.netit’s editors and journalists, taking into account factors such as risk management, creativity and innovation, quality of service and customer satisfaction, and engagement with regulatory issues. Read the full list of winners here.

“Over the past two years, OCC has managed to maintain record volume,” said John Davidson, Director General of the OCC. “Although our resilience was tested, the circumstances allowed us to demonstrate to market participants that we were well prepared, reinforcing the confidence we have built in OCC’s ability to deliver in all types of market conditions. At the same time, OCC has made significant efforts and investments to improve its financial, operational and technological resilience in order to meet the expectations of market players. We are pleased that these efforts have been recognized.

Scottish WarrenOCC Chief Operating Officer, added, “OCC operates as a public service that seeks to be effective and efficient in delivering our services, and we can’t do that without great people. Through their consistent focus and commitment to excellence, our colleagues have enabled us to thrive in times of extreme market volatility and extraordinary volume. This award also demonstrates their ability to anticipate and manage rapidly changing market conditions. I am grateful to work alongside dedicated and talented colleagues every day and delighted to see their achievements recognized by this award.

In 2021OCC’s total cleared contract volume set a record 9.93 billion contracts, surpassing the 2020 record volume of 7.52 billion contracts. From the end of 2019 to the end of 2021, the average daily volume of cleared contracts increased by 99.5%.

About the CCO

The Options Clearing Corporation (OCC) is the world’s largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting market stability and integrity by providing clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Public Service for Financial Markets (SIFMU), OCC operates under the jurisdiction of the United States Securities and Exchange Commission (SEC), the United States Commodity Futures Trading Commission (CFTC) and of the Federal Reserve Board of Governors. OCC has over 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about the OCC is available at www.theocc.com.

©2022. The Options Clearing Company. All rights reserved.

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CONTACT: Michael Shore

CCO Public Relations

[email protected]




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PUBLISHED: 2/17/2022 9:31 a.m. / DISK: 2/17/2022 9:32 a.m.


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Martin E. Berry