2013 Press Releases
Chicago, December 11, 2013
OCC Announces Richard Wallace as New Chief Compliance Officer
OCC announced today that Richard Wallace has joined OCC as Senior Vice President and Chief Compliance Officer.
Chicago, December 2, 2013
OCC Cleared Contract Volume Declined 6% in November While Year-to-Date Volume is Up 3%
OCC announced today that cleared contract volume in November reached 318,233,056 contracts, a 6 percent decrease from the November 2012 volume of 339,206,527 contracts. Despite this monthly volume decline, OCC reported a year-to-date increase in options, futures and securities lending activity. OCC's year-to-date total cleared contract volume reached 3,844,949,842 contracts in November, up 3 percent from 2012.
Chicago, November 1, 2013
OCC Announces Cleared Contract Volume Rose 24% in October Reaching 400 Million Contracts
OCC announced today that cleared contract volume in October reached 407,220,455 contracts, representing a 24 percent increase from the October 2012 volume of 327,576,945 contracts. This marks the first time since August 2011 that cleared contract volume hit 400 million contracts in a single month and the fourth time in history. OCC's year-to-date total cleared contract volume is up 4 percent from 2012 with 3,526,716,786 contracts.
Chicago, October 1, 2013
OCC Announces 4% Decline in September Cleared Contract Volume While Year-to-Date Volume is up 2%
OCC announced today that cleared contract volume in September reached 321,604,328 contracts, a 4 percent decrease from the September 2012 volume of 333,832,141 contracts. OCC's year-to-date total cleared contract volume is up 2 percent from 2012 with 3,119,496,331 contracts.
Chicago, September 18, 2013
OCC Names Craig S. Donohue Executive Chairman Effective January 1, 2014
OCC announced today that, effective January 1, 2014, Craig S. Donohue will become its Executive Chairman, succeeding Wayne P. Luthringshausen, who will retire on December 31, 2013. Mr. Luthringshausen has served as OCC's Chairman since 1977.
Chicago, September 3, 2013
OCC Announces Cleared Contract Volume Rose 4% in August
OCC announced today that total cleared contract volume in August reached 326,697,656 contracts, representing a 4 percent increase from the August 2012 volume of 313,781,757 contracts. OCC's year-to-date total cleared contract volume is up 3 percent from 2012 with 2,797,892,003 contracts.
Chicago, August 5, 2013
ISE Gemini Options Exchange Joins OCC
OCC and the International Securities Exchange (ISE) announced today that ISE Gemini has become an OCC participant exchange. ISE Gemini, ISE's newly launched options exchange, began operations on August 5, 2013, bringing the total number of options markets in the U.S. to 12.
Chicago, August 1, 2013
OCC Announces Cleared Contract Volume Increased 6% in July as Securities Leading Activity Rose 53%
OCC announced today that total cleared contract volume in July reached 328,899,421 contracts, representing a 6 percent increase from the July 2012 volume of 309,599,417 contracts. OCC's year-to-date total contract volume is up 3 percent with 2,471,194,347 contracts in 2013.
Chicago, July 29, 2013
OCC Announces Leadership Changes
OCC announced today that Chairman and Chief Executive Officer Wayne P. Luthringshausen will retire effective December 31, 2013. Pending regulatory approval, OCC will separate the roles of Chairman and CEO upon Mr. Luthringshausen's retirement. After an extensive national search OCC's Board of Directors has named Michael E. Cahill as CEO effective January 1, 2014. The Board's process for filling the new Executive Chairman position is ongoing.
Chicago, July 11, 2013
OCC Announces the Promotion of James Knoeck to Senior Vice President - Chief Audit Executive
OCC announced today that James Knoeck has been promoted to Senior Vice President - Chief Audit Executive. Mr. Knoeck joined OCC in September as Vice President – Head of Internal Audit from the State of Wisconsin Investment Board.
Chicago, July 2, 2013
OCC Earns Honorable Mention in Ragan's PR Daily Awards in The Best Annual Report Category
OCC announced today that its 2011 annual report received an Honorable Mention in the Annual Report category for the Ragan's PR Daily Awards.
Chicago, July 1, 2013
OCC Announces Cleared Contract Volume in June Rose 11%
OCC announced today that total cleared contract volume in June reached 367,660,030 contracts, an 11 percent increase from the June 2012 volume of 329,891,797 contracts. OCC's average daily volume for the month was up 17 percent with 18,383,002 contracts. OCC ended the first half of the year with total cleared contract volume reaching 2,142,294,926 contracts, 2 percent higher than the first half volume of 2012.
Chicago, June 24, 2013
OCC Announces Standard Options Are Now Being Processed on Friday
OCC announced today that expiration processing of standard options has moved from Saturday to Friday.
Chicago, June 3, 2013
OCC Announces Cleared Contract Volume in May Increased 3%
OCC announced that total cleared contract volume in May reached 391,347,069 contracts, representing a 3 percent increase from the May 2012 volume of 380,417,938 contracts. OCC's year-to-date cleared contract volume is up 0.2 percent from 2012 with 1,774,634,896 contracts.
Chicago, May 31, 2013
OCC Wins Gold for Best Annual Report at The PCC Golden Trumpet Awards
OCC announced today that its 2011 annual report won gold in the Best Annual Report category at the 2013 Golden Trumpet Awards presented by the Publicity Club of Chicago at a dinner honoring the award winners on May 30, 2013.
Chicago, May 23, 2013
OCC to Adopt a Policy to Restrict Exercises to Net Long Positions
OCC announced today that its Board of Directors approved the adoption of a policy that would require clearing members to restrict exercises in certain accounts, including market maker and joint back-office accounts to the extent each respective account is net long at the end of the trading day. The required netting would occur within each options series.
Chicago, May 21, 2013
OCC Takes Silver at The FCS Portfolio Awards in The Best Annual Report Category
OCC announced today that its 2011 annual report took Silver (the only award given) in the Best Annual Report category at the 2013 FCS Portfolio Awards presented by the Financial Communications Society in New York City on May 16, 2013.
Chicago, May 8, 2013
OCC Boards Of Directors Welcomes Three New Members
OCC announced today that Felix B. Davidson, Raymond J. Di Sanza and Craig C. Messinger were elected to its Board of Directors.
Chicago, May 1, 2013
OCC Announces Cleared Contract Volume Rose 17% in April
OCC announced that cleared contract volume for the month was 376,392,187 contracts, a 17 percent increase from April 2012. OCC's year-to-date total contract volume is down half a percent from April 2012 with 1,383,287,827 contracts.
Chicago, April 1, 2013
OCC Announces Average Daily Cleared Contract Volume Declined 8% in March
OCC announced that average daily cleared contract volume for the month was 15,831,521 contracts, an 8 percent decline from March 2012. Total cleared contract volume in March reached 316,630,411, a 17 percent decrease from the 379,763,970 contracts in March 2012, which had two more trading days. OCC's year-to-date total contract volume is down 6 percent from 2012 with 1,006,895,640 contracts, while average daily volume is down 3 percent at 16,781,594 contracts.
Chicago, March 1, 2013
OCC Announces Cleared Contract Volume Declined 8% in February
OCC announced today that total cleared contract volume in February reached 325,237,351 contracts, representing an 8 percent decrease from the February 2012 volume of 351,702,360 contracts. OCC's year-to-date cleared contract volume is up 0.19 percent from 2012 with 690,265,229 contracts.
Chicago, February 1, 2013
Volume Across All Cleared Products Rose Significantly In January
OCC announced today that total cleared contract volume in January reached 365,027,878 contracts. This represents an 8 percent increase from the January 2012 volume of 337,222,938 contracts. OCC's options and futures volume was up significantly last month, making it the second highest January for OCC cleared contract volume on record behind January 2011. OCC's stock loan program also reported a strong start to the year.
New York, Chicago and London, January 9,2013
Markit Selected By OCC To Supply Implied Volatility Data On Equities
Markit, a leading, global financial information services company, today announced that it has been selected by OCC, the world's largest equity derivatives clearing organisation, to provide daily implied volatility data on the S&P 500 index.
Chicago, January 2, 2013
OCC Cleared Contract Volume Reached 4 Billion Contracts in 2012
OCC announced today the total cleared contract volume in 2012 reached 4,042,175,801 contracts, a 12 percent decline from the 2011 record volume of 4,600,955,949 contracts. Despite this decline, 2012 marks the second highest year for OCC cleared contract volume to date and the second consecutive year OCC volume has surpassed 4 billion contracts.