Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. OCC: 2017 interactive annual report is live
Industry news

OCC: 2017 interactive annual report is live


19 June 2018 Chicago
Reporter: Brian Bollen

Generic business image for news article
Image: Shutterstock
The Options Clearing Corporation (OCC) has gone live with its 2017 interactive annual report.

In a video interview Craig Donohue, OCC chairman and CEO, commented on OCC results for 2017.

Donohue said: “Over the past year, the team achieved a number of key milestones that position OCC for continued resiliency, innovation and growth while strengthening our role as an industry leader and market influencer.â€

OCC's total cleared volume in 2017 was more than 4.3 billion contracts, a four percent increase from 2016 and the third highest cleared contract volume in its 44-year history.

Its cleared exchange-listed options volume rose three percent to 4.1 billion contracts, while cleared futures contracts increased 32 percent to 138 million contracts.

Donohue said of these results: “These numbers illustrate how OCC continues to deliver on its key services for our participant exchanges, clearing firms and market participants, and underscore our critical role as the world’s largest equity derivatives clearing organisation.â€

He took the opportunity to look to the future, as well as the immediate past.

Donohue said: “Our collective efforts and teamwork have put OCC in a position to deliver more innovative products and services in the coming years. We remain committed to serving as the foundation for secure markets and in ensuring confidence in the financial markets and the broader economy.â€

“We will continue investing in solutions that enhance our resiliency and fortify our operational effectiveness as an independent risk manager. Strengthening stakeholder relationships is paramount as we mature our leadership position in equity derivatives, futures, and securities lending.â€

He added: “This stewardship allows OCC to further contribute to our industry’s growth, and most importantly, leads to the reduction of systemic risk in the global financial system.â€
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ OCC

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →