Bma option brokerage


OCC, in conjunction with the U. OIC is dedicated to helping individual investors, financial advisers and institutions understand the benefits and risks of exchange-listed options. OCC is overseen by a clearing member dominated board of directors [2] and operates as a financial market utility, receiving most of its revenue from clearing fees charged to its members. The Options Clearing Corporation OCC was founded in , initially as a clearinghouse for five listed markets for equity options.

Clearing volumes have increased dramatically since its launch, reflecting the growing use of equity options. In October , for example, the clearinghouse reported a clearing monthly volume record of In August , OCC reported a record monthly volume of million contracts. His role designated him to oversee a transition of Cahill's responsibilities to other OCC executives during the search; Chief Operating Officer Michael McClain, [10] 46, took on the additional title of president as part of the transition.

The new standards include price reasonability checks, drill-through protections, activity-based protections and kill-switch protections, pending regulatory approval. The reforms are designed to reduce the risk of errors or unintended activity that could cause or contribute to a financial loss to market participants and OCC.

OCC's participant exchanges include: Its clearing members serve both professional traders and public customers and comprise approximately of the largest U. OCC's goal is to service clearing members and the exchanges through an operating plan that emphasizes timely, reliable, and cost-efficient clearing operations. OCC also serves other markets, including those trading commodity futures, commodity options, and security futures. Key to a clearing organization is margin requirement, which manages its credit risk risk of member default.

Since , the contributions that OIC has made to the investing and brokerage communities have been significant to the growth of the options industry. Today, retail investors, financial advisors, and institutional investors continue to show interest for information and education on exchange listed options. All market data is provided by Barchart Solutions. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice.

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