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2016 Press Releases

OCC is the foundation for secure markets. The OCC Newsroom contains our latest news, press releases, speeches, comment letters and media information. You can stay up-to-date with options news and market data by subscribing at the OCC Subscription Center.

Chicago, December 8, 2016
OCC Honored with 2016 Clearing House of the Year Award - The Americas from FOW Magazine
OCC, the world's largest equity derivatives clearing organization, announced today it has won the 2016 Clearing House of the Year - The Americas from FOW Magazine. Presentation of the award took place on December 7 at the FOW International Award gala dinner in London, honoring achievements that have supported the advancement of the global derivatives industry.

Chicago, December 2, 2016
OCC Names New CFO, Treasurer, and Chief Compliance Officer
OCC, the world's largest equity derivatives clearing organization, today announced three additions to its senior management team. Amy Shelly, a former Chief Financial Officer with Optiver U.S. LLC, with over 20 years of financial services management experience, has been named Senior Vice President and Chief Financial Officer. James Pribel, formerly with CME Group, was named First Vice President and Treasurer. Joe Adamczyk, currently OCC's First Vice President and Deputy General Counsel, is being promoted to Senior Vice President and Chief Compliance Officer.

Chicago, December 1, 2016
OCC Cleared Contract Volume Increased 20 Percent In November
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in November was up 20 percent from November 2015 with 393,515,089 contracts, making it the highest November ever for options volume on record. Average daily volume at OCC is down one percent in 2016 with 16,582,994 contracts. OCC cleared futures volume was up 109 percent in November with 10,313,172 contracts, making it the third highest month ever for cleared futures volume at OCC. OCC's stock loan program reported strong volume numbers up 35 percent in November and year-to-date activity up 38 percent from 2015.

Chicago, November 1, 2016
OCC Cleared Contract Volume Down 13 Percent in October
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in October was 318,439,491 contracts, a 13 percent decrease from October 2015 monthly volume of 367,647,983 contracts. Average daily volume at OCC is down three percent year-to-date in 2016 with 16,367,412 contracts. OCC's stock loan program reported that securities lending activity was up 33 percent in October and 38 percent year-to-date.

Chicago, October 3, 2016
OCC Cleared Contract Volume Up Two Percent in September
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in September was 367,641,787 contracts, up two percent from September 2015 volume of 361,537,608 contracts. OCC's year-to-date average daily cleared contract volume is down two percent from 2015 with 16,501,149 contracts in 2016.

Chicago, September 28, 2016
OCC Supports SEC Decision on Covered Clearing Agency Rules
OCC, the world's largest equity derivatives clearing organization, today released the following statement from Executive Chairman and Chief Executive Officer Craig Donohue regarding the U.S. Securities and Exchange Commission's (SEC) decision on covered clearing agency rules.

Chicago, September 21, 2016
OCC Comments on S&P Reaffirmation of AA+/Stable Rating
OCC, the world's largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by Standard & Poor's (S&P). In May, the rating agency had placed a credit watch with negative implications on OCC's credit rating.

Chicago, September 12, 2016
Donohue Agrees to Stay on as OCC Executive Chairman for Three Additional Years
OCC, the world's largest equity derivatives clearing organization, announced today that Craig Donohue has agreed to stay on as Executive Chairman and Chief Executive Officer for three additional years after his term expires in December. Donohue also announced the creation of an Office of the Executive Chairman and CEO and enhancements to OCC's leadership structure.

Chicago, September 1, 2016
OCC Cleared Contract Volume Down 24 Percent in August
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in August was 331,447,840 contracts, down 24 percent from August 2015 record volume of 434,313,474 contracts. OCC's year-to-date average daily cleared contract volume is down three percent from 2015 with 16,375,448 contracts in 2016.

Chicago, September 1, 2016
Thomas Wittman Joins OCC Board of Directors
OCC, the world's largest equity derivatives clearing organization, announced today that Thomas A. Wittman, a veteran exchange executive, has joined the board of directors as an Exchange Director, replacing Gary Katz, formerly of The International Securities Exchange (ISE).

Chicago, August 1, 2016
OCC Cleared Contract Volume Down 18 Percent in July
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in July was 317,045,566 contracts, down 18 percent from July 2015 volume of 385,404,937 contracts. OCC's year-to-date average daily cleared contract volume is up three percent with 16,687,086 contracts in 2016.

Chicago, July 14, 2016
OCC Says Pre-Trade Risk Controls Add Resiliency to Markets
Saying its proposed rule change to the U.S. Securities and Exchange Commission (SEC) on pre-trade risk controls served as a catalyst to spur significant change in the listed equity options market, OCC, the world's largest equity derivatives clearing organization, today said it is withdrawing the proposal.

Chicago, July 5, 2016
OCC Cleared Contract Volume Up 11 Percent in June
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in June reached 378,908,938 contracts, an 11 percent increase from the June 2015 volume of 340,826,276 contracts, marking the second highest June for OCC cleared options contracts. OCC's year-to-date average daily cleared contract volume is up five percent from 2015 with 16,820,655 contracts. Cleared futures volume reached 11,350,745 contracts, making June the highest month ever for OCC cleared futures volume.

Chicago, July 5, 2016
OCC Named Clearinghouse of the Year by Global Investor/ISF
OCC, the world's largest equity derivatives clearing organization, said today it was named Clearinghouse of the Year by Global Investor/ISF Magazine. The award was presented to OCC on June 30th in London as part of the publication's celebration of its 30th anniversary.

Chicago, June 28, 2016
OCC Announces New Options Industry Council Roundtable Members
OCC, the world's largest equity derivatives clearing organization and a leading provider of options education content through The Options Industry Council (OIC), today announced that Geralyn Endo, Vice President at Bank of America Merrill Lynch; Gary Franklin, Vice President and Manager, Options Trading and Strategies at Raymond James; Frank A. Magnani, Global Prime Brokerage Institutional Sales at Interactive Brokers and Barry Metzger, Senior Vice President, Trading Services, Charles Schwab & Co., Inc. and Chief Executive Officer, optionsXpress, have joined the OIC Roundtable.

Chicago, June 9, 2016
OCC Commends EC Extension of QCCP Deadline
OCC, the world's largest equity derivatives clearing organization, and a leading advocate for clearing equivalency on behalf of the U.S. listed options industry, today commended the European Commission for its decision to extend the deadline for CCPs to be deemed qualifying central counterparties (QCCP) until December 15, 2016.

Chicago, June 1, 2016
OCC Cleared Contract Volume Up Four Percent in May
OCC, the world's largest equity derivatives clearing organization, announced that cleared contract volume in May reached 319,533,636 contracts, a four percent increase from the May 2015 volume of 308,639,215 contracts. OCC's year-to-date average daily cleared contract volume is also up four percent from 2015 with 16,734,689 contracts.

Chicago, May 17, 2016
OCC Responds to S&P Announcement on Credit Rating Watch
OCC, the world's largest equity derivatives clearing organization, today issued the following statement in response to Standard and Poor's (S&P) announcement that OCC's credit rating has been placed on CreditWatch with negative implications as S&P further refines its methodology for rating central counterparties (CCPs) globally.

Chicago, May 2, 2016
OCC Cleared Contract Volume Increased Two Percent in April
OCC, the world's largest equity derivatives clearing organization, announced today that cleared contract volume in April was 339,522,257 contracts, up two percent from April 2015 monthly volume of 331,552,965 contracts. Average daily volume at OCC is up five percent in 2016 with 17,123,650 contracts. OCC's stock loan program reported strong volume numbers in April with year-to-date activity up 44 percent.

Chicago, April 6, 2016
OCC Gratified by Changes to DOL Fiduciary Rule That Benefit Users of Listed Options
OCC, the world's largest equity derivatives clearing organization, and a leader of the U.S. Securities Markets Coalition, said today that it is gratified that the Department of Labor's final fiduciary rule appropriately moved away from limiting the ability of investors to hold listed options in their retirement accounts. However, OCC continues to review the final rule to determine whether it may inappropriately limit options education provided by firms to their retirement customers.

Chicago, April 5, 2016
OCC Appoints Two New Members to Board of Directors
In its role as the foundation for secure markets, OCC, the world's largest equity derivatives clearing organization, today announced that Susan E. Lester, a long-time banking executive, has joined the board of directors as a Public Director, replacing Matthew B. Gelber of Bitterroot Asset Management, LLC, and William T. Yates of TD Ameritrade has joined the board as a Member Director, replacing Judith M. Kula of Wolverine Execution Services, LLC. Lester and Yates were elected to three-year terms.

Chicago, April 1, 2016
OCC Cleared Contract Volume Up Four Percent in March
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in March reached 354,445,999 contracts, a four percent increase from March 2015. OCC's year-to-date volume is up six percent with 1,064,617,055 cleared contracts in the first quarter of 2016 compared to 1,006,510,362 contracts in the first quarter of 2015.

Chicago, March 1, 2016
OCC Announces Cleared Contract Volume Increased 10 Percent in February
OCC, the world's largest equity derivatives clearing organization, announced today that total cleared contract volume in February was 338,300,969 contracts, up 10 percent from February 2015 volume of 306,531,839 contracts. OCC's year-to-date average daily cleared contract volume is up seven percent from 2015 with 18,209,514 contracts.

Chicago, February 24, 2016
OCC Commends D.C. Circuit Court Ruling Regarding Capital Plan
OCC, the world's largest equity derivatives clearing organization, applauded the order by the U.S. Court of Appeals for the D.C. Circuit yesterday denying a motion intended to restrict OCC from continuing to implement its capital plan. The motion followed a de novo review and approval of the plan by the Securities and Exchange Commission ("Commission") earlier this month. The U.S. Court of Appeals ruling represents the latest in a series of decisions in favor of OCC's capital plan and against Susquehanna International Group, LLP, KCG Holdings, Inc., BATS Global Markets, Inc., BOX Options Exchange LLC, and Miami International Securities Exchange, LLC ("Petitioners").

Chicago, February 17, 2016
OCC Welcomes ISE Mercury Options Exchange
OCC, the world's largest equity derivatives clearing organization, announced today that ISE Mercury has become an OCC participant exchange. ISE Mercury, ISE's newly launched options exchange, began operations on February 16, bringing to 14 the total number of U.S. options markets.

Chicago, February 12, 2016
SEC Affirmation of OCC Capital Plan Strengthens Clearing Organization's Resiliency
OCC, the world's largest equity derivatives clearing organization, today applauded the announcement by the U.S. Securities and Exchange Commission (SEC) that, following an independent review of the record by the full Commission, the regulatory agency approved OCC's capital plan that had been previously approved on behalf of the Commission by SEC staff in March 2015.

Chicago, February 1, 2016
OCC Announces Total Cleared Contract Volume Up Four Percent in January
OCC, the world's largest equity derivatives clearing organization, announced today total cleared contract volume for the month of January was up four percent from January 2015 with 371,870,087 contracts, marking the third highest January on record. Average daily volume at OCC was up nine percent from January 2015 with 19,572,110 contracts. OCC's stock loan program reported strong volume numbers in January with year-to-date activity up 29 percent.

Chicago, January 6, 2016
OCC Publishes Quantitative Disclosure in Accordance with CPMI-IOSCO's Public Quantitative Standards for Central Counterparties
Demonstrating its commitment to transparency as the foundation for secure markets, OCC, the world's largest equity derivatives clearing organization, today announced that its quantitative disclosure regarding the Principles for Financial Market Infrastructures (PFMI) has been published and made available on the company's website in accordance with the Committee on Payments and Market Infrastructures and the Board of the International Organization of Securities Commissions' (CPMI-IOSCO) "Public Quantitative Disclosure Standards for Central Counterparties." This is OCC's initial publication of the disclosure as global central counterparties (CCPs) begin sharing their risk framework and quantified financial resources with market participants.

Chicago, January 4, 2016
OCC 2015 Cleared Contract Volume Third Highest Ever at 4.2 Billion
OCC, the world's largest equity derivatives clearing organization, today said 2015 cleared contract volume was its third-highest total ever at 4,210,542,258 contracts, representing a three percent decrease from 2014 volume of 4,333,019,384 contracts. OCC ended the year with 345,836,508 cleared contracts in December, down four percent from December 2014.